ILJIN Materials Co., Ltd. announced a private placement of series 1 bearer type, no interest, nonguaranteed private placement convertible bonds for gross proceeds of KRW 150,000,000,000 on November 29, 2021. The transaction will include participation from Mirae Asset Securities Co., Ltd. The bonds will carry a fixed coupon rate of 0% per annum and yield to maturity of 0% per annum. The bonds has maturity date, December 1, 2026.

The bonds are 100% convertible into 906,344 common shares of the company at a fixed conversion price of KRW 165,500 per share. The bonds will be convertible from December 1, 2022 to November 1, 2026. The transaction is expected to close on December 1, 2021.

The transaction has been approved by the board of directors of the company.