Organic Tea Cosmetics Holdings Company Limited (KOSDAQ:A900300) announced a private placement of series 2 overseas registered nonguaranteed private convertible bond for gross proceeds KRW 5,028,300,000 and 4,837,229 common shares at a price of KRW 1,155 per share for the gross proceeds of KRW 5,586,999,495, aggregate proceeds of KRW 10,615,299,495 on April 23, 2021. The bond will mature on May 14, 2024 and have a zero-coupon rate and 5% interest to maturity. The transaction will include participation for series 2 overseas registered nonguaranteed private convertible bond from HENG YU CAPITAL INVESTMENT PET. LTD for KRW 1,676,100,000, SanShan Group Holding Co. Ltd. for KRW 3,352,200,000 and Jinzheng Investment Co PTE. LTD for 4,837,229 common shares. The bonds are convertible into 4,353,506 shares at an issue price of KRW 1,155 from May 14, 2022 to April 14, 2024. The subscription date of the transaction is April 23, 2021 and is expected to close on May 14, 2021. The shares will be issued through third party allocation increase method. The transaction has been approved by the board of directors of the company. The bonds will be subject to resale restrictions for a lock-up period of 1 year from the date of issuance.