Huvexel Co.,Ltd. announced a private placement of series 7 Unregistered coupon unguaranteed private convertible bond for the gross proceeds of KRW 500,000,000 on April 24, 2023. The transaction included participation from returning investor HMNetworks Co., Ltd. The bonds will mature on April 24, 2025, 100% convertible into 192,975 shares at a fixed conversion price of KRW 2,591 from April 24, 2024 to March 24, 2025. The bonds are subject to a hold period of one year.