Naintech CO.,LTD announced a private placement of series 5 bearer-bearing interest-bearing unsecured private placement convertible bonds for the gross proceeds of KRW 10,000,000,000 on May 2, 2024. The bonds carry coupon rate of 0% and maturity rate of 1% and will mature on May 3, 2029. The bonds are fully convertible into 3,354,579 common shares at a conversion price of KRW 2,981 per share from May 3, 2025 to April 3, 2029.

The transaction has been approved by the shareholders of the company and is expected to close in May 3, 2024. The bonds are restricted to a hold period of 1 year. The transaction will include participation from new investors Korea Investment & Securities Co., Ltd. for KRW 2,500,000,000, KB Securities Co.,Ltd for KRW 4,000,000,000, Samsung Securities Co.,Ltd. for KRW 2,000,000,000, Shinhan Securities Co.

Ltd. for KRW 1,000,000,000 and Kiwoom Securities Co., Ltd. for KRW 500,000,000.