Harim Holdings Co., Ltd. announced a private placement of series 5 Bearer type non-guaranteed private exchange bond for gross proceeds of KRW 112,000,000,000 on July 6, 2022. The transaction will include participation from new investor Shinhan Investment Corp. for KRW 10,000,000,000, NH Investment & Securities Co., Ltd. (In the trust business position of Funds 1 to 12 in this case) for KRW 7,500,000,000, KB Securities Co., Ltd.(In the position of trustee of Fund 20) for KRW 4,000,000,000, and other investors.

The bonds have surface interest rate of 0% and maturity rate of 0.5%. The bonds will mature on July 8, 2027. The bonds are convertible into 16,038,951 shares equal to 3% stake in the company at a conversion value of KRW 6,983 from July 22, 2022, to June 8, 2027.

The payment date of transaction is July 8, 2022. The transaction has been approved by the board of directors.