Jincostech Co.,Ltd. announced a private placement of series 1 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 3,000,000,000 on July 11, 2018. The transaction will include participation from Findvalue IPO Plus V Hedge Fund for KRW 1,500,000,000, Orion Mezzanine Multi-Strategy Hedge Fund 1, Invex KOSDAQ Venture Hedge Fund 1, and Exponential VENTUREPLUS Hedge Fund 1 for KRW 500,000,000 each respectively. The bonds will not carry any coupon and yield to maturity of 2%. The bond would mature on July 13, 2021. The bonds are convertible into common shares of the company at a fixed conversion price of KRW 110,000 per share. The conversion will start on January 13, 2019 and end on June 13, 2021. The bonds will be issued at par value. The transaction is expected to close on July 13, 2018. The transaction has been approved by the board of directors of the company.