DYD Co.,LTD. announced a private placement of 5th series unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 10,000,000,000 on February 8, 2023. The transaction will include participation from Well Biotech Co., Ltd. The bond carry coupon rate of 5% and have yield to maturity of 10%. The bonds will mature on February 10, 2026.

The bonds will be 100% convertible into 5,757,052 common shares of the company, representing 13.55% of the total number of shares at a fixed conversion price of KRW 1,737 per share. The conversion period is from February 10, 2024 to January 10, 2026. The transaction has a subscription date of February 10, 2023 and payment date of February 10, 2023.

The transaction has been approved by the board of directors of the company.