Kc Industry Co., Ltd. announced a private placement of fifth unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 1,000,000,000 on August 23, 2016. The transaction will include participation from 30 individual investors, including Jonghyo Jeon for KRW 200,000,000, Kyungsim Im for KRW 100,000,000, and Yoonsung Choi for KRW 60,000,000. The subscription and payment date of the transaction is August 25, 2016. The bonds carry a fixed coupon rate of 4.5% per annum and yield to maturity of 8%. The bonds will be issued at par, will mature on August 25, 2019, and can be fully converted into common shares of the company at a fixed conversion price of KRW 3,595 per conversion share from August 25, 2017 to July 25, 2019. The transaction has been approved by the board of directors of the company.