SEWONCELLONTECH Co., Ltd. (KOSE:A091090) announced that it will receive KRW 40,000,000,000 in a round of funding on June 24, 2019. The company will issue Series 2 unregistered coupon unguaranteed private convertible bonds in the transaction. The company will issue the bonds to Hanyang Securities Co.

Ltd for gross proceeds of KRW 6,800,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd for KRW 500,000,000, Susung Fund 1: Susung KOSDAQ Venture Multi Asset Public Stock Hedge Fund 2, Susung Fund 2: Susung Multi Mezzanine P1 Hedge Fund , Susung Fund 3: Susung Multi Mezzanine P2 Hedge Fund, Susung Fund 4: Susung High Yield P1 Hedge Fund, Susung Fund 5: Susung Multi Mezzanine P4 Hedge Fund, Susung Fund 6: Susung KOSDAQ Venture PrivilegeP2 Hedge Fund, Susung Fund 7: Susung Multi Mezzanine P8 Hedge Fund for KRW 5,500,000,000, Susung Fund 8: Susung Multi Asset Hedge Fund 5, Susung Fund 9: Susung Multi Mezzanine P Hedge Fund, Susung Fund 10: Susung Multi Mezzanine P7 Hedge Fund, Susung Fund 11: Susung KOSDAQ Venture P1 Hedge Fund for KRW 2,500,000,000, Susung Fund 12: Susung Multi Mezzanine P3 Hedge Fund for KRW 500,000,000, Ace Susung Venture Capital Fund 6 for KRW 1,000,000,000, Time Fund 1: Timefolio The Venture-G Hedge Fund, Time Fund 2: Timefolio KOSDAQ Venture Hedge-S Hedge Fund for KRW 2,100,000,000, Time Fund 3: Timefolio The Venture-V Hedge Fund, Time Fund 4: Timefolio KOSDAQ Venture Quant-I Hedge Fund for KRW 1,400,000,000, IBK Capital Corporation for KRW 3,000,000,000, Platform Fund 1: The Platform Mezzanine IPO Hedge Fund 1, Platform Fund 2: The Platform Mezzanine Multi Strategy Hedge Fund 2, Platform Fund 3: The Platform Mezzanine Multi Strategy Hedge Fund 3 FOR KRW 2,500,000,000, Orion Capital Management for KRW 300,000,000, Orion Fund 1: Orion Mezzanine Multi Strategy Hedge Fund 1, Orion Fund 2: Orion Mezzanine Multi Strategy Hedge Fund 32 for KRW 1,500,000,000, Mirae Asset Daewoo Co., Ltd. for KRW 2,000,000,000, Synergy Mezzanine Blind 1 New Technology Fund for KRW 2,000,000,000, Synergy Mezzanine Blind 2 New Technology Fund for KRW 1,000,000,000, Synergy 4th Industry 5 New Technology Fund for KRW 4,700,000,000 and Core Mezzanine Pre-IPO Hedge Fund 2 for KRW 1,000,000,000. The bonds do not carry any interest and have a yield to maturity of 1%. The bonds will be fully converted into 10,825,439 common shares at a conversion price of KRW 3,695 per share.

The conversion period will start on June 26, 2020 and will end on May 26, 2024. The company expects to close the transaction on June 26, 2019. The board of directors of the company approved the transaction.

The securities will be issued at par.