Dayou A-Tech Co.,Ltd (KOSE:A002880) announced a private placement of series 24 non-guaranteed private equity convertible bond for gross proceeds of KRW 11,000,000,000 on April 8, 2021. The transaction will include participation from Hanyang Securities Co., Ltd., Investment Arm for KRW 1,500,000,000, Focus HERO KOSDAQ Venture Hedge Fund 1 Private Equity Investment Trust for KRW 500,000,000, fund managed by NH Investment & Securities Co., Ltd. (KOSE:A005940) for KRW 2,000,000,000, SP KOSDAQ Venture Hedge Fund 3, a fund managed by Samsung Securities Co., Ltd. (KOSE:A016360) for KRW 2,000,000,000, GVA Fortress-A Hedge Fund a fund managed by Mirae Asset Securities Co., Ltd. (KOSE:A006800) for KRW 2,000,000,000, GVA The banks 1 Hedge Fund for KRW 500,000,000, Focus Super Rich Hedge Fund 5 Private Equity Investment Trust for KRW 200,000,000, Focus SY Rampart KOSDAQ Venture Hedge Fund 1 Private Equity Investment Trust for KRW 200,000,000, funds managed by KB Securities Co., Ltd., Investment Arm, Brain Small and Medium Business Federation Mezzanine Hedge Fund Hedge Fund 1, a fund managed by Shinhan Bank, Investment Arm for KRW 2,000,000,000, Focus MD-AP Kosdaq Venture Hedge Fund 1, a fund managed by Korea Investment & Securities Co., Ltd., Investment Arm for KRW 100,000,000. . The bond is issued at coupon rate and interest rate of 0% and yield to maturity of 1%. The bonds will mature on April 16, 2026. The bonds can be 100% converted into 9,795,191common shares for a stake of 8.20% at a fixed conversion price of KRW 1,123 per share. The conversion period is from April 16, 2022 to March 16, 2026. The transaction has been approved by the board of directors of the company. The payment date of the transaction is April 16, 2021. The bonds issued are subject to restriction period of one year from the date of issuance.

On July 18, 2022, the company announced that the bonds will now be convertible at a fixed conversion price of KRW 824 per share.