Exergy21 Co., Ltd. announced a private placement of series 23 non-guaranteed interest bearing private placement non-separable bond with warrants for gross proceeds of KRW 12,500,000,000 and series 24 non-guaranteed interest bearing private placement non-separable bond with warrants for gross proceeds of KRW 12,500,000,000 on March 16, 2023. The transaction will include participation from EX-CI No. 4. The bonds will carry 0% coupon rate, 3% yield to maturity rate, series 23 will mature on July 1, 2027 and series 24 will mature on September 30, 2027.

The series 23 bonds will be 100% convertible into 8,596,973 common shares of the company at a fixed conversion price of KRW 1,454 per share from July 01, 2025 to June 01, 2027 and series 24 bonds will be 100% convertible into 8,596,973 common shares of the company at a fixed conversion price of KRW 1,454 per share from September 30, 2025 to August 31, 2027. The expected date of payment for series 23 bonds is July 01, 2024 and for series 24 bonds is September 30, 2024.