Tamul Multimedia Co., Ltd announced a private placement of round 2 non-guaranteed private placement convertible bonds for gross proceeds of KRW 20,000,000,000 and 3,846,152 shares of par value, KRW 5,000 at a price of KRW 3,120 for gross proceeds of KRW 11,999,994,240 for aggregate gross proceeds of KRW 31,999,994,240 on August 26, 2021. The transaction will include participation for bonds from K&P Investment Co., Ltd. for KRW 10,000,000,000, Value Oriented Fund No.2 for KRW 10,000,000,000, returning investor, Benoholdings, Inc. for 961,538 shares, RAMICS Co., Ltd. for 1,602,564 shares, Wise Alliance Co.,Ltd. for 641,025 shares and Sammi Co., Ltd. for 641,025 shares. The bonds carry no interest rate and 1% maturity rate.

The bonds will mature on October 20, 2024, and are 100% convertible into 5,566,378 shares at a price of KRW 3,593 per share. The conversion will start from October 20, 2022 and end on September 20, 2024. The payment date for bonds and shares is October 20, 2021.

The transaction has been approved by the board of the company. The total number of issued shares before capital increase is 13,140,876 shares. The shares and bonds are subject to a hold period of one year.

The bonds are issued at par value.