HLB GLOBAL Co., Ltd. announced a private placement to issue Series 33 bearer-type non-guaranteed private placement convertible bond for the gross proceeds of KRW 11,200,000,000 on October 23, 2023. The transaction will include participation from new investors Korea Investment & Securities Co., Ltd. for KRW 500,000,000, F&F Holdings Co., Ltd. for KRW 100,000,000, YR Invest Co., Ltd, for KRW 300,000,000 Oruminc.Co.,Ltd for KRW 300,000,000, Kukdong Corporation for KRW 1,000,000,000, individual investorsHoosung Kim for KRW 500,000,000, Jeong-il Song for KRW 300,000,000, Jihoon Park for KRW 500,000,000, Sujin Kim for KRW 500,000,000, Unhak Lee for KRW 2,000,000,000, Hoeseon Lee for KRW 1,000,000,000, Dong-seok Bae for KRW 300,000,000, Tae-gon Kim for KRW 200,000,000, Gye-sook Kim for KRW 500,000,000, Jincheol Ra for KRW 200,000,000, WithR Limited Liability Company for KRW 200,000,000, RInvest Co., Ltd. for KRW 300,000,000, Kyunghee Kim for KRW 300,000,000, Haeng Su Yeo for KRW 100,000,000, Myunghee Lee for KRW 300,000,000, Jeong-min Seo for KRW 100,000,000, Youngju Kim for KRW 100,000,000, Jaeyoung Kwon for KRW 300,000,000, Eunkyung Choi for KRW 300,000,000, Yoon-je Nam for KRW 500,000,000 and Youngju Moon for KRW 500,000,000. The transaction has been approved by the shareholders of the company and is expected to close on October 31, 2023..

The bonds are 100% convertible into 2,960,613 shares at a fixed conversion price of KRW 3,783 from October 31, 2024 to September 30, 2026. The bonds bear 3% coupon rate and 5% maturity rate and matures on October 31, 2026. The securities are restricted to a hold period