Yulho Co., Ltd. announced a private placement of 3,517,411 common shares at a price of KRW 2,843 per share for gross proceeds of KRW 9,999,999,473 and series 5 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 10,000,000,000 on June 7, 2021. The transaction will include participation from Jung Hee, Park for 1,758,705 shares and Geun-sik Park for 1,758,706 shares, and H&Partners Co., Ltd. subscribed bonds for KRW 10,000,000,000. Post the closing, the number of shares will increase from 38,967,004 to 42,484,415. The shares will be issued through third party allocation method. The shares will have a hold period of one year. The shares will be issued at a premium. The bonds will be issued at par. The bonds are fully convertible into 2,927,400 shares representing 6.99% stake at a fixed conversion price of KRW 3,416 per share from October 27, 2022 to September 26, 2024. The bonds are redeemable after 1 year of issuance and every three months thereafter at a premium of 3% per annum. The payment date is October 27, 2021. The transaction has been approved by the board of directors of the company. The securities issued are subjected to one year hold period.