Daehan Green Engineering Co., Ltd. announced a private placement of round 1 type Bearer-bearing interest-bearing, unsecured private convertible bonds for gross proceeds of KRW 3,500,000,000 on February 8, 2024. The transaction will include participation from new investor ITX-AI. The bonds will carry 6% Interest Rate and yield to maturity 6% will mature on February 8, 2027 and will be 100% convertible into common shares of the company at a fixed conversion price of KRW 150,000 per share from February 8, 2025 to January 8, 2027.

The transaction has been approved by the board of directors of the company. The payment date is on February 8, 2024.