Hyulim ROBOT Co.,Ltd. announced a private placement of 14th unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 10,000,000,000 on November 29, 2021. The transaction will include participation from KD Investment Association. The bond carry coupon rate of 3% and have yield to maturity of 5%. The bonds are issued at par and will mature on April 5, 2025. The bonds will be 100% converted into 13,210,039 common shares representing 9.53% of the total shares of the company at a fixed conversion price of KRW 757 per share. The conversion period is from April 5, 2023 to April 4, 2025. The payment date of the transaction is April 5, 2022. The transaction has been approved by the board of director's of the company. The securities issued will be subject to restriction period of one year from issuance.