Charm Engineering Co.,Ltd. (KOSE:A009310) announced that it will issue series 9 privately held convertible bonds with no guarantee of bearer interest for gross proceeds of KRW 10,000,000,000 on December 4, 2020. The bonds will be issued at par. The transaction will include participation from Hyundai Asset Management Co., Ltd., KB Securities Co., Ltd.,Tiger Investment Advisory Co.,Ltd., Mirae Asset Daewoo Co., Ltd. (KOSE:A006800), Paros Asset Management Co., Ltd., Shinyoung Securities Co., Ltd. (KOSE:A001720), SUSUNG ASSET MANAGEMENT Co., Ltd., Hanyang Securities Co.

Ltd. (KOSE:A001750), Samsung Securities Co.,Ltd. (KOSE:A016360), and NH Investment & Securities Co., Ltd. (KOSE:A005940), and Ace Susung New Technology Fund No. 11. The bonds will bear fixed interest rate of 0% per annum and an interest to maturity rate of 3%.

The bonds will mature on December 8, 2023. The bonds are convertible into 2,251,238 common shares at a fixed conversion price of KRW 1,716 per share from November 8, 2021 to November 8, 2023. The date of subscription is March 16, 2020 and expected date of payment is December 8, 2020.

The transaction is approved by the board of directors of the company.