WOOJUNG BIO, Inc. announced a private placement of series 6th unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 5,000,000,000 on August 25, 2021. The transaction will involve participation from ST 24 New Technology Investment Association. The transaction has been approved by the board of directors. The bonds to be issued will have a hold period of one year, post the closing. The bonds will have a maturity rate of 1% and bond maturity date of August 27, 2025. The bonds are fully convertible at a price of KRW 7,161 per share into 698,226 shares into 5.19% stake. The bonds conversion period starts from August 27, 2022 and ends on July 27, 2025. The payment date is August 27, 2021.