NEORIGIN Co., Ltd. announced a private placement of series 9 non guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 600,000,000 on March 31, 2022. The transaction will include participation from Super Jeans Co. , Ltd. The bonds will not carry any interest.

The bond maturity date is April 1, 2027. The bonds are fully convertible into 645,161 common shares from April 1, 2023 to March 1, 2027 at a fixed conversion price of KRW 930 per share. The subscription date and the payment date for the transaction is April 1, 2022.