Wellbiotec Co., Ltd. announced a private placement of 31st series no-guaranteed Private convertible bonds with barer type interest part convertible bonds for gross proceeds of KRW 3,000,000,000 on June 21, 2022. The transaction included participation from new investor KH Feelux Co., Ltd. The bonds are having coupon rate 5% and will mature on June 22, 2025. The bonds will be 100% convertible into 1,951,854 common shares of the company at a fixed conversion price of KRW 1,537 per share from June 22, 2023 to May 25, 2025.

The board of directors of the company approved the transaction. The subscription and payment date are June 22, 2022.