Ilooda Co., Ltd announced that it will issue series 4 Unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 8,000,000,000 on November 26, 2021. The bonds will be issued at par. The bonds will bear a zero coupon rate of and an interest to maturity rate of 0%.

The bonds will mature on November 30, 2026. The bonds are convertible into 722,347 common shares at a fixed conversion price of KRW 11,075 share from November 30, 2022 to October 30, 2026. The date of subscription is November 30, 2021 and expected date of payment is November 30, 2021.

The transaction is approved by the board of directors of the company.