Dayou A-Tech Co.,Ltd announced a private placement to issue 4% Series 33 Bearer Interest Unsecured Private Placement Convertible Bonds due June 18, 2029 for the gross proceeds of KRW 11,500,000,000 on June 13, 2024. The transaction will include participation from new and returning investors K-Orbit Mobility New Technology Business Investment Fund for KRW 8,700,000,000, Standard Chartered Bank Korea Limited (in the fiduciary position of Fund 1) for KRW 1,200,000,000, Standard Chartered Bank Korea Limited (as trustee of Fund 2) for KRW 500,000,000, Mirae Asset Securities Co., Ltd . (in the fiduciary position of Fund 3) for KRW 500,000,000, Mirae Asset Securities Co., Ltd. (in the fiduciary position of Fund 4) for KRW 300,000,000 and NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 5) for KRW 300,000,000.

The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 18, 2024. The bonds bear 4% coupon rate, 5% maturity rate and matures on June 18, 2029. The bonds are 100% convertible into 9,126,984 shares at a fixed conversion price of KRW 1,260 from June 18, 2025 to May 18, 2029.