Advanced Process Systems Corporation announced a private placement of Round 3 bearer type non-guaranteed private exchange bond for gross proceeds of KRW 18,642,026,746 on November 17, 2021. The bond doesn't bear any interest rate and will mature on November 19, 2023. The transaction will include participation from Mirae Asset Securities Co., Ltd. for KRW 1,642,000,000, Daishin New Technology Investment Union No.

10 for KRW 5,000,026,746, and JN No. 1 Private Equity Joint Venture Company for KRW 12,000,000,000. The bond is 100% convertible into 1,000,000 shares at a conversion price of KRW 18,642 per share.

The conversion period will start from November 24, 2021 to October 19, 2023. The transaction has been approved by the board of directors of the company. The securities issued will be subject to hold period of one year from issuance.

The transaction is expected to close on November 19, 2021.