Dynamic Design Co., LTD. announced a private placement of 7th bearer type interest part no guarantee private placement convertible bonds for a gross proceeds of KRW 10,000,000,000 on November 22, 2021. The transaction included participation from EV Advanced Material Co.,Ltd. They carry a fixed surface interest rate of 5% and maturity interest rate of 6%. The bonds will mature on November 24, 2024.

The bonds are 100% convertible at a fixed conversion price of KRW 500 per share. Upon the conversion of the bonds the company will issue 20,000,000 common shares. The conversion period will start on November 25, 2022 and end on November 21, 2024 The transaction is expected to be closed on November 24, 2021.

The transaction was approved by the board of directors of the company. The securities issued are subjected to one year hold period.