Sewon Co.,Ltd. (KOSDAQ:A234100) announced a private placement of series 4 unregistered coupon non-guaranteed private convertible bond for a gross proceeds of KRW 20,000,000,000 on May 12, 2021. The transaction will include participation from (In the trustee status of RICO Fund 1) KB SECURITIES CO., LTD. for KRW 500,000,000, (In the trustee status of RICO Fund 2) NH INVESTMENT & SECURITIES CO., LTD. for KRW 500,000,000, (In the trustee status of NANOOM Fund 1) KB SECURITIES CO., LTD. for KRW 1,000,000,000, (In the trustee status of Queen''s Fund 1) NH INVESTMENT & SECURITIES CO., LTD. for KRW 1,000,000,000, IBK Capital Corporation for KRW 3,000,000,000, Nongshim Capital Co., Ltd. for KRW 2,000,000,000, Eco Capital Co.,Ltd. for KRW 1,000,000,000, Mirae Asset Securities Co., Ltd. (KOSE:A006800) for KRW 2,000,000,000, Hanyang Securities Co. Ltd. (KOSE:A001750) for KRW 500,000,000, DB Financial Investment Co., Ltd. (KOSE:A016610) for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. (KOSE:A005940) for KRW 500,000,000, synergy-Shinhan Mezzanine New Technology Investment Fund 2 for KRW 2,000,000,000, synergy-Mobility 2 New Technology Investment Fund for KRW 1,000,000,000, Az Asset Management Co., Ltd. for KRW 1,500,000,000, D&K Partners Co., Ltd. for KRW 1,000,000,000, ES FINANCIAL CO.,LTD. for KRW 1,000,000,000, Fortuna investment discretion for KRW 500,000,000.

The bonds are zero coupon bonds. The bonds will mature on May 14, 2026. The bonds will be 100% converted into 3,510,619 common shares at a fixed conversion price of KRW 5,697 per share for an equity stake of 10.10%.

The conversion period is from May 14, 2022 to April 14, 2026. The subscription date and the payment date of the transaction is May 14, 2021. The securities issued in the transaction are subject to a lock up period of one year.

The transaction has been approved by the board of directors of the company.