Organic Tea Cosmetics Holdings Company Limited announced a private placement of 15,000,000 common shares for the proceeds of KRW 17,325,000,000 and Series 3 Overseas Unregistered Non-Guaranteed Private Convertible Bond for proceeds of KRW 15,137,200,000 and for aggregate gross proceeds of KRW 32,462,200,000 on September 1, 2021. The transaction for bonds will include participation from Jinzheng Investment Co PTE. LTD. The transaction for common shares is expected to close on September 10, 2021 and for bonds is expected to close on September 30, 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 securities to be issued pursuant to the transaction have restriction period of one year from the date of issuance. The bonds have a coupon rate of 0% and maturity interest rate of 5%. The bonds are fully convertible into 13,105,800 shares for 15.61% stake in the company at a conversion price of KRW 1,155 per share during conversion period beginning on September 30, 2022 and ending on September 29, 2024. The bonds have a maturity date of September 30, 2024.