Nano Chem Tech Inc. announced a private placement to issue Series 9 Non-Guaranteed Private Placement Convertible Bonds for the gross proceeds of KRW 6,000,000,000 and Series 8 Non-Guaranteed Private Placement Convertible Bonds for the gross proceeds of KRW 10,000,000,000; for aggregate total gross proceeds of KRW 16,000,000,000 on October 11, 2023. The transaction will include participation from new investor Resell Fund 2. The series 9 bonds are 100% convertible into 7,317,073 shares at a fixed conversion price of KRW 820 per share from March 10, 2025 to February 10, 2027 and will mature on March 10, 2027. The series 9 bonds bear 3% coupon rate and 5% maturity rate. The transaction has been approved by the shareholders of the company and is expected to close on March 10, 2024. The securities are restricted to a hold period of one year. The series 8 bonds are 100% convertible into 12,195,121 shares at a fixed conversion price of KRW 820 per share from March 10, 2025 to February 10, 2027 and will mature on March 10, 2027. The series 8 bonds bear 0% coupon rate and 5% maturity rate.

On October 18, 2023 the company has amended the coupon rate of Series 9 bonds to 0% and maturity interest rate will be 5%.

On October 11, 2023, he company has amended the coupon rate of Series 8 bonds to 3% and maturity interest rate will be 5% and the conversion price of KRW 820.