LIS Co., Ltd. (KOSDAQ:A138690) announced that it will receive KRW 9,850,000,000 in a round of funding on May 19, 2015. The company will issue sixth unregistered/unsecured private convertible bonds for gross proceeds of KRW 3,100,000,000 and seventh unregistered/unsecured private convertible bonds for gross proceeds of KRW 6,750,000,000 in the transaction. The transaction has been approved by board of directors of the company. The sixth unregistered/unsecured private convertible bonds will mature on May 20, 2020. The bonds bear an interest at a fixed rate of 2% per annum and yield to maturity of 6%. The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 20,000 per share. The conversion period is from May 20, 2016 to May 19, 2020. Payment date for sixth unregistered/unsecured private convertible bonds is May 20, 2015. The sixth unregistered/unsecured private convertible bonds will include participation from Han-Woo Park who will invest KRW 200,000,000; Jong-Hoon Jung who will invest KRW 200,000,000; Hye-Jeong Nam who will invest KRW 200,000,000; Boo-Young Han who will invest KRW 500,000,000; JS Bio Co., Ltd. which will invest KRW 1,500,000,000; and Geum Jin Investment Adviser Co., Ltd. which will invest KRW 500,000,000.

The seventh unregistered/unsecured private convertible bonds will mature on May 21, 2020. The bonds bear an interest at a fixed rate of 1% per annum and yield to maturity of 3%. The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 20,000 per share. The conversion period is from May 21, 2016 to May 20, 2020. The bonds have lump-sum redemption of principal on maturity date. Payment date for seventh unregistered/unsecured private convertible bonds is May 21, 2015. New investors Jong-Tae Kim who will invest KRW 3,500,000,000 and HK Construction Co., Ltd. which will invest KRW 3,250,000,000 and purchase seventh unregistered/unsecured private convertible bonds.