Yulho Co., Ltd. announced that it will issue series 6 unregistered coupon nonguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on November 29, 2021. The bonds will be issued at par. The transaction will include participation from Clover Investment Association.

The bonds will bear fixed interest rate of 1% per annum with maturity rate of 3% per annum. The bonds will mature on February 22, 2025. The bonds are convertible into 3,828,483 common shares at a fixed conversion price of KRW 2,612 per share from February 22, 2023 to January 21, 2025.

The date of subscription is November 29, 2021 and expected date of payment is February 22, 2022. The transaction is approved by the board of directors of the company. The securities issued are subjected to one year hold period.