JangWonTech Co., Ltd. announced that it will issue series 8 unregistered unguaranteed private convertible bonds with bearer interest for gross proceeds of KRW 5,000,000,000 on December 2, 2020. The bonds will be issued at par. The transaction will include participation from Korea Fixed-Income Investment Advisory. The bonds will bear fixed interest rate of 2% per annum. The bonds will mature on December 15, 2023. The bonds are convertible into 2,251,238 common shares at a fixed conversion price of KRW 2,221 per share from December 15, 2021 to November 15, 2023. The date of subscription is March 16, 2020 and expected date of payment is December 15, 2020. The transaction is approved by the board of directors of the company.