Fine DNC Co., Ltd. announced a private placement of series 6 unregistered coupon nonguaranteed private non-detachable bond with warrant for gross proceeds of KRW 20,000,000,000 on July 6, 2021. The transaction will include participation from Eugene Investment & Securities Co.,Ltd. for KRW 9,500,000,000, Shinhan Investment Corp. for KRW 2,000,000,000, Mirae Asset Securities Co., Ltd. for KRW 2,000,000,000, ASAM Investment Advisory Company Limited for KRW 2,000,000,000, ASAM Mezzanine Plus Hedge Fund 1, Korea Investment & Securities Co., Ltd. for KRW 1,000,000,000, Taurus Investment Management Co.

for KRW 1,000,000,000, Susung KOSDAQ Venture B6 Hedge Fund, a fund managed by KB Securities Co., Ltd. for KRW 700,000,000, Suseong KOSDAQ Venture B7 Hedge Fund, a fund managed by KB Securities Co., Ltd. for KRW 800,000,000, Suseong Multi-Mezzanine B2 Hedge Fund, a fund managed by KB Securities Co., Ltd. for KRW 500,000,000, Tiger 5-04 Hedge Fund, a fund managed by Mirae Asset Securities Co., Ltd for KRW 100,000,000, Tiger WISE ONE 4 Hedge Fund, a fund managed by Mirae Asset Securities Co., Ltd for KRW 100,000,000, Tiger 5-03 Hedge Fund, a fund managed by NH Investment & Securities Co., Ltd for KRW 100,000,000, Tiger MERIT 3 Hedge Fund, a fund managed by NH Investment & Securities Co., Ltd for KRW 100,000,000, Tiger 5-13 Hedge Fund, a fund managed by NH Investment & Securities Co., Ltd for KRW 100,000,000. The bonds will mature on July 08, 2026. The bonds do not carry any interest rate and have a yield to maturity of 1.5%.

The bonds are 100% convertible into 6,535,947 common shares at a price of KRW 3,060 per share. The conversion will start from July 08, 2022 and will end on June 08, 2026. The transaction is expected to close on July 8, 2021.

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