Newtree Co.,Ltd announced that it will issue series 2 bearer type, non-guaranteed, non-separable private placement bonds with warrants for gross proceeds of KRW 10,000,000,000 and series 2 unregistered nonguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000; for aggregate proceeds of KRW 20,000,000,000 on August 19, 2021. The bonds will be issued at par. The transaction will include participation from Kiwoom Securities Co., Ltd., Investment Arm for series 2 bonds and NH Investment & Securities Co., Ltd in the position of a trustee of the Profit Reach-Rich The Well-being Hedge Fund for series 1 bonds. The bonds will bear zero coupon and will mature on February 23, 2026. The bonds are fully convertible into 317,894 common shares at a fixed conversion price of KRW 31,457 per share from August 23, 2022 to January 23, 2026. The date of subscription and expected date of payment is August 23, 2021. The transaction is approved by the board of directors of the company. All securities issued will be subject to a hold period of one year.