Chemtros Co., Ltd. announced a private placement of 4th unregistered uncoupon nonguaranteed convertible bond for gross proceeds of KRW 20,000,000,000 on October 29, 2021. The transaction included participation from VM Venture Plus Hedge Fund, a fund co-managed by Mirae Asset Securities Co., Ltd. and VM Asset Management Co., Ltd. for KRW 2,000,000,000. The bonds will mature on November 08, 2026. The transaction is expected to close on November 8, 2021. The transaction was approved by the board of directors of the company.