Hanchang Biotech Co., Ltd. announced the private placement of Series 23 non-guaranteed interest bearing private placement non-separable bond with warrant for gross proceeds of KRW 12,500,000,000, round 25 non-guaranteed interest bearing private placement non-separable bond with warrant for proceeds of KRW 12,500,000,000, round 21 non-guaranteed private equity convertible bonds for proceeds of KRW 15,000,000,000, and and 6,459,948 common shares at a price of KRW 1,935 for proceeds of KRW 12,499,999,380, aggregate proceeds of KRW 52,499,999,380 August 4, 2022. The transaction will include participation from Jeonheung CNC Co., Ltd. The bonds will carry 0% coupon rate, 3% yield to maturity rate, will mature on July 1, 2027 and will be 100% convertible into 5,321,413 common shares of the company at a fixed conversion price of KRW 1,645 per share from July 01, 2025 to June 01, 2027.The expected date of payment is July 01, 2024.

Series 25 Bearer type non-guaranteed interest-bearing private placement non-separable bond with warrant -The bonds will carry 0% coupon rate, 3% yield to maturity rate, will mature on December 27, 2027. and will be 100% convertible into 5,321,413 common shares of the company at a fixed conversion price of KRW 1,645 per share from December 31, 2025 to November 30, 2027.The expected date of payment is December 31, 2024.

21 Round Non-guaranteed Private Equity Convertible Bonds - The bonds will carry 0% coupon rate, 4% yield to maturity rate, will mature on September 30, 2025 and will be 100% convertible into 6,385,696 common shares of the company at a fixed conversion price of KRW 2,349 per share from September 30, 2023 to August 31, 2025. The expected date of payment is September 30, 2022. The shares are issued at a discount of 10%. The company is issuing shares through third-party allocation.
Series 20 Non-guaranteed Private convertible bonds with Bearer Type Interest Part for gross proceeds of KRW 15,000,000,000. The company will issue bonds at par. The bonds will carry 0% coupon rate, 3% yield to maturity rate, will mature on September 15, 2025 and will be 100% convertible into 6,337,135 common shares of the company at a fixed conversion price of KRW 2,367 per share from September 15, 2023 to August 15, 2025. The expected date of payment is September 15, 2022. The company is issuing shares through third-party allocation. The date of subscription is August 04, 2022. The transaction is approved by the board of directors of the company. The company has announced the payment date of October 17, 2022.

Series 22 Bearer type non-guaranteed interest-bearing private placement non-separable bond with warrant -The bonds will carry 0% coupon rate, 3% yield to maturity rate, will mature on April 1, 2027. and will be 100% convertible into 5,280,946 common shares of the company at a fixed conversion price of KRW 2,367per share from April 01, 2025, to March 01, 2027. The expected date of payment is April 1, 2024.