JangWonTech Co., Ltd. announced that it will issue series 9 non-registered unguaranteed private convertible bonds with bearer interest for gross proceeds of KRW 3,000,000,000 on December 3, 2020. The bonds will be issued at par. The transaction will include participation from KH Global Association. The bonds will bear fixed interest rate of 3% per annum with coupon rate of 2%. The bonds will mature on December 4, 2023. The bonds are convertible into 1,325,088 common shares at a fixed conversion price of KRW 2,264 per share from December 4, 2021 to November 4, 2023. The date of subscription is and expected date of payment is December 4, 2020. The transaction is approved by the board of directors of the company