CBI Co., Ltd. announced a private placement of series 11 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000 to returning investor Value Oriented Fund on August 30, 2022. The bonds have a coupon rate of 2% and will mature on November 30, 2025. The bonds will be convertible into common shares at the rate of KRW 533 per share from November 30, 2023, to October 30, 2025.

The transaction is approved by the board of directors of the company on August 30, 2022. The transaction is expected to close on November 30, 2022. The bonds are restricted for a period of one year from the date of issuance.