Korea Parts & Fasteners Co.,Ltd announced a private placement of round 8 Non-guaranteed Private Equity Convertible Bonds with Bearer Type Interest Part for gross proceeds of KRW 20,000,000,000 on July 16, 2021. The transaction will include participation from Asam Asset Management Co., Ltd. for KRW 2,500,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 500,000,000, Mirae Asset Securities Co., Ltd. for KRW 1,000,000,000, funds managed by Focus Asset Management Co., Ltd., Tiger Investment Advisory Co.,Ltd., J&J Asset Management, Asam Asset Management, Suseong Asset Management and GB A Asset Management. The bonds are zero coupon bonds with no yield to maturity, are being issued at par value and will mature on July 20, 2026.

The bonds are fully convertible into 3,897,875 common shares at a conversion price of KRW 5,131 per share from July 20, 2022 to June 20, 2026. The transaction has been approved by the board of directors of the company. The subscription and payment of the transaction is on July 20, 2021.

The bonds are subject to a hold period of one year.