Automobile & PCB Inc. announced a private placement of 20th series non-guaranteed private equity convertible bonds with bearer type Interest part for gross proceeds of KRW 20,000,000,000 on March 11, 2022. The transaction will include participation from K.A. Fund for KRW 18,000,000, Ahn, Ki-joon for KRW 800,000, Ellim Corporation Co., Ltd. for KRW 1,200,000,000. The bonds will bear interest of 2% and maturity rate of 4%.

The bonds will mature on April 15, 2025. The bonds will be fully convertible into 8,510,638 shares of the company at a fixed conversion price of KRW 2,350 between the period of April 15, 2023 to March 15, 2025. The subscription and the payment date is April 15, 2022.

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