Neo Technical System Co., Ltd. announced that it will issue series 2 non-guaranteed private equity convertible bonds with bearer type interest part for gross proceeds of KRW 14,500,000,000 on July 13, 2021. The bonds will be issued at par. The transaction will include participation from KDBCABZMNA Private Equity Joint Venture for KRW 8,900,000,000 and KDBC Prime New Technology Investment Association for KRW 5,600,000,000. The bonds will bear zero coupon. The bonds will mature on July 14, 2026. The bonds are fully convertible into 2,700,186 common shares at a fixed conversion price of KRW 5,370 per share from July 14, 2022 to June 14, 2026. The date of subscription is July 13, 2021 and expected date of payment is July 14, 2021. The transaction is approved by the board of directors of the company. The bonds issued will be subject to a hold period of one year.