Zeus Co.,Ltd. announced a private placement to issue Series 2 Bearer Non-Guaranteed Private Exchange bond for the gross proceeds of KRW 4,801,654,000 on May 30, 2023. The transaction will include participation from new investors Samsung Securities Co., Ltd. for KRW 1,801,654,000 and Korea Investment & Securities Co., Ltd. for KRW 3,000,000,000. The bonds bear zero coupon rate and zero maturity rate.

The bonds are 100% convertible into 147,290 common shares at a fixed conversion price of KRW 32,600 from June 15, 2023 to May 25, 2028 and will mature on June 1, 2028. The transaction has been approved by the shareholders of the company and is expected to close on June 1, 2023.