Daesung Hi-Tech Co., Ltd announced a private placement of 4th bearer Unregistered no-coupon unguaranteed private convertible bond for the gross proceeds of KRW 12,000 million on June 19, 2023. The bonds are 10% convertible into 1,158,301 common shares at a conversion price of KRW 10,360 per share. The bonds will be matured on a maturity date of June 21, 2026.

The transaction is expected to close on June 21, 2023. The transaction has been approved by the shareholder's of the company.