Hansongneotech Co.,Ltd. announced a private placement of common shares and bonds for gross proceeds of KRW 14,999,999,263 on October 15, 2020. The company will issue 3rd series unregistered coupon non-guaranteed private convertible bonds to Nextera Technology Fund for gross proceeds of KRW 10,000,000,000 and 2,675,227 common shares at KRW 1,869 per share to Synerworks Co., Ltd. for the gross proceeds to KRW 4,999,999,263. The shares tranche is expected to close on February 25, 2021. The bonds will be issued at 1% interest rate, 3% yield to maturity, and will mature on March 30, 2023. The bonds can be 100% converted into 4,524,886 common shares for 10.10% stake of the company at a fixed conversion price of KRW 2,210 per share. The conversion period is from March 23, 2022 to February 28, 2024. The transaction is expected to close on March 30, 2021. The company will issue bonds at par. The transaction has been approved by board of directors of the company. The securities to be issued are subject to hold period of one year.