Wonbiogen Co., Ltd. announced a private placement of 2nd bearer type interest part unguaranteed private placement convertible bonds for gross proceeds of KRW 8,000,000,000 on October 29, 2021. The bonds will mature on November 1, 2026. The transaction will include participation from Kyobo Yg Il-Guimu New Technology Investment Association for KRW 8,000,000,000.

The bonds will be 100% convertible into 3,389,830 shares at a conversion price of KRW 2,360. The conversion period will be from November 1, 2022 to October 1, 2026. The bonds will bear zero coupon rate and zero maturity rate.

The subscription date is November 1, 2021. The transaction is expected to close on November 1, 2021. The transaction has been approved by the board of directors.

The securities are subject to 1 year hold period.