SELVAS Healthcare, Inc announced a private placement of series 2 unregistered nonguaranteed private convertible bonds for gross proceeds of KRW 6,000,000,000 on July 8, 2021. The transaction included participation from Ozoo I&A Co., Ltd. The bonds do not carry any surface interest rate and carry maturity interest rate of 1.5%. The bonds will mature on July 8, 2024. The bonds are fully convertible into 2,142,092 common shares at a fixed conversion price of KRW 2,801 per share from July 8, 2022 to June 8, 2024. The issuance of the securities is through domestic private placement. The bonds are subject to a hold period of one year. The transaction was approved by the board of directors of the company.