Leaders Technology Investment Co., Ltd. (KOSDAQ:A019570) announced private placement of series 12 non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 2,000,000,000 with Kimjonghak Production, Inc. on December 24, 2020. The bonds bear interest of 4% and yield to maturity of 6% and matures on December 24, 2023. The bonds are fully convertible into 3,831,417 shares at a fixed conversion price of KRW 522 per share from December 24, 2021 to November 24, 2023. The transaction has been approved by the board of directors of the company.