The Asia Business Daily Co., Ltd. announced a private placement of series 4 of Non-guaranteed Private convertible bonds with Bearer Type Interest Part for gross proceeds of KRW 12,500,000,000 on August 11, 2022. The transaction will include participation from ST-Banker New Technology Fund No. 1 and ST-Seed New Technology Fund No.

1. The transaction is expected to close on August 12, 2022. The bonds are 100% convertible into 5,681,817 shares at an conversion price of KRW 2,200. The shares will start conversion from August 12, 2023 and will end on July 12, 2027.

The bonds will carry a coupon rate of 1% and will mature on August 12, 2027. The transaction was approved by the board of directors of the company.