Youngwire Co., Ltd. announced a private placement of round 3 non-guaranteed private equity convertible bonds with bearer type interest part for gross proceeds of KRW 7,000,000,000 on January 24, 2022. The transaction will involve participation from KB Securities Co., Ltd., on behalf of Suseong Asset Management Co. , Ltd. for KRW 500,000,000, Focus Asset Management Co., Ltd. for KRW 1,000,000,000, GVA Asset Management Co., Ltd., a fund managed by Mirae Asset Securities Co., Ltd. for KRW 1,500,000,000, GBA Asset Management Co.

, Ltd., a fund managed by Samsung Securities Co., Ltd. for KRW 500,000,000, Susung Asset Management Co. , Ltd. a fund managed by Samsung Securities Co., Ltd. for KRW 22,000,000,000, Suseong Asset Management Co. , Ltd., a fund managed by Korea Investment & Securities Co., Ltd. for KRW 1,300,000,000.

The bonds carry a 0% coupon, 2% yield to maturity, and mature on January 28, 2025. The bonds are fully convertible into equity shares at KRW 1,115 each for 13,452,914 shares. The conversion period starts at January 28, 2023 and ends on December 28, 2024.

The expected payment date is on January 28, 2022. The transaction was approved by board of directors. The bonds have a hold period of one year, post the closing.