Finotek Co.,Ltd. announced a private placement of series 5 registered coupon private convertible bonds for gross proceeds of KRW 3,500,000,000 on March 20, 2017. The transaction will include participation from new investors KB Outstanding Tech Company Investment Fund, a fund managed by KB Investment Co., Ltd., and Wooshin Venture Investment Corp., KDB Capital Corporation, Investment Arm for KRW 1,000,000,000 each, and DA Value Investment Co., Ltd. for KRW 500,000,000. The bonds will be issued at par. The bonds bear fixed annual coupon of 1% and yield to maturity of 7%. The bonds will mature on March 22, 2020. The bonds are fully convertible into 462,962 common shares of the company at a fixed conversion price of KRW 7,560 per conversion share from March 22, 2018 to February 22, 2020. The payment date of the transaction is March 22, 2017. The transaction has been approved by the board of directors of the company.