Samil Co.Ltd. announced a private placement to issue Series 6 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 8,000,000,000 on April 12, 2024. The transaction will include participation from new investor Stollberg & samil Co., LTD. for KRW 5,000,000,000, returning investor T. D Ltd for KRW 1,500,000,000 and individual investor for KRW 1,500,000,000. The transaction has been approved by the shareholders, restricted to a hold period and is expected to close on April 18, 2024.

The bonds are 100% convertible into 4,000,000 shares at a fixed conversion price of KRW 2,000 from April 18, 2025 to March 18, 2027. The bonds bears 4.5% interest rate and 4.6% maturity rate and matures on April 18, 2027.