P&H Tech Co., Ltd. announced a private placement of series 1 bearer type, no interest, no guarantee, convertible bonds for gross proceeds of KRW 20,000,000,000 on May 27, 2022. The transaction will involve participation from Meritz Alpha View New Technology Finance Association No. 3., Ulmers Director Innovation Enterprise Investment Association No.6, Korea Investment & Securities Co., Ltd. and existing investor, Samsung Securities Co.

, Ltd. for KRW 5,000,000,000 each. The coupon interest on this bond is 0% per annum, and there is no separate interest payment date. The bonds will mature on May 31, 2027.

The bonds will be convertible into 793,997 common stock at a price of KRW 25,189 from May 31, 2023 to April 30, 2027. The transaction is expected to close on May 31, 2022. The transaction was approved by the board of directors of the company.