Kolon TissueGene, Inc. announced a private placement of Registered type, no interest, no guarantee, private placement, permanent convertible bonds for the gross proceeds of KRW 33,000,000,000 on August 31`, 2022. The bonds are converted into 564,102 common shares at a conversion value KRW 58,500 per share. Bond maturity date is September 7, 2052.

Maturity rate is 5.8%.The transaction is expected to close on September 7, 2022. The transaction has been approved by the board of directors.