Yulho Co., Ltd. announced a private placement of series 7 non-guaranteed private equity convertible bonds with bearer type interest part for an aggregate gross proceeds of KRW 30,000,000,000 on April 29, 2022. The transaction will include participation from Haitong International PEF. The bonds carry surface interest rate of 2% and maturity rate of 4% per annum.

The bonds will mature on May 23, 2025. The bonds are convertible into 15,136,226 shares of the company at a conversion price of KRW 1,982 per share. The conversion period will start from May 23, 2023 and ends on April 22, 2025.

The transaction is expected to close on May 23, 2022. The transaction has been approved by the board of directors of the company.