Jin Young Co.,Ltd. announced a private placement to issue Series 1 Bearer-Bearing Interest-Bearing Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 10,000,000,000 on March 25, 2024. The transaction will include participation from new investors JB Woori Capital Co., Ltd. for KRW 2,000,000,000, NH Investment & Securities Co., Ltd. for KRW 2,000,000,000, Kiwoom Securities Co., Ltd. for KRW 2,000,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 1,000,000,000, HisStory Investment Management for KRW 1,000,000,000 and KB Securities Co., Ltd. (in the position of trustee of Fund 1) for KRW 2,000,000,000. The transaction has been approved by the shareholders of the company and is expected to close on March 27, 2024.

The bonds bear zero coupon and bears 1% maturity rate and matures on March 27, 2029. The securities are restricted to a hold period. The bonds are 100% convertible into 2,566,735 shares at a fixed conversion price of KRW 3,896 from March 27, 2025 to February 27, 2029.