YOUNGHWA TECH Co., Ltd. announced a private placement of series 3 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 2,000,000,000 on June 15, 2022. The transaction will include participation from new investor Wonik 2020 R&D Technology Innovation Fund. The bonds have surface interest rate of 0% and maturity rate of 0%.

The bonds will mature on June 24, 2027. The bonds are convertible into 123,785 shares equal to 1.14% stake in the company at a conversion value of KRW 16,157 from June 24, 2023, to May 24, 2027. The payment date of transaction is June 24, 2022.

The transaction was approved by board of directors of the company. The securities to be issued in the transaction will be subject to hold period of one year.