KH Feelux Co., Ltd. announced a private placement of series 21 non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 10,000,000,000 on November 30, 2021. The transaction will include participation from new investors Mirae Corporation for KRW 3,500,000,000, Vivien Corporation for KRW 3,500,000,000 and from SBW, Inc. for KRW 3,000,000,000. The series 20 bonds bear zero coupon rate and maturity rate of 3% and will mature on January 13, 2025, and are fully convertible into 3,500,175 shares, representing 2.50% stake, at a fixed conversion price of KRW 2,857 per share from January 13, 2023 to December 13, 2024.

The payment date and subscription date is January 13, 2022. The transaction has been approved by the board of directors. All securities issued in the transaction have a hold period of one year.