Finotek Co.,Ltd. announced a private placement of round 9 registered private convertible bond for gross proceeds of KRW 4,500,000,000 on June 23, 2021. The transaction will involve participation from Space Asset Management Co., Ltd. for KRW 100,000,000, Woo-seop Kim for KRW 100,000,000, and eight investors for KRW 4,300,000,000. The bond maturity date is June 30, 2024. The coupon rate is 2% and yield to maturity is 6%. The bonds are 100% convertible into 1,116,625 common shares at a conversion price of KRW 4,030 from June 30, 2022 to June 29, 2024. The transaction has been approved by the board of directors of the company. The bonds to be issued will have a hold period of one year, post the closing. The payment date is June 30, 2021.