CENOTEC Co., Ltd. announced a private placement to issue Series 3 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 10,000,000,000 on December 13, 2023. The transaction will include participation from new investors BNK Securities Co.,Ltd. for KRW 4,000,000,000, KB Securities Co., Ltd for KRW 700,000,000, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 2) for KRW 1,300,000,000, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 3) for KRW 300,000,000, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 3) for KRW 200,000,000, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 5) for KRW 400,000,000, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 6) for KRW 700,000,000, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 7) for KRW 1,200,000,000, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 8) for KRW 500,000,000 and Samsung Securities Co., Ltd. (in the fiduciary position of Fund 9) for KRW 700,000,000. The transaction has been approved by the shareholders of the company and is expected to close on December 15, 2023.

The subscription, payment, and delivery date is December 15, 2023. The bonds bear 2% coupon rate and 4% maturity rate and matures on December 15, 2026. The bonds are 100% convertible into 6,397,952 shares at a fixed conversion price of KRW 1,563 from December 15, 2024 to November 15, 2026 and is restricted to a hold period of 1 year.