Fourth-link Inc. (KOSDAQ:A056730) announced a private placement of series 21 unregistered non-guaranteed coupon private convertible bond for gross proceeds of KRW 5,000,000,000, series 22 unregistered non-guaranteed coupon private convertible bond for gross proceeds of KRW 5,000,000,000 and series 23 unregistered non-guaranteed coupon private convertible bond for gross proceeds of KRW 20,000,000,000 for total gross proceeds of KRW 30,000,000,000 on October 23, 2020. Series 21 and Series 22 bonds are secured and the bonds carry a fixed 2% coupon, 5% yield to maturity, interest will be paid quarterly on January 23, April 23, July 23 and October 23. Series 21 and Series 22 bonds will mature on October 23, 2023, conversion period starts at October 23, 2021 to end on September 23, 2023. The Series 21 and Series 22 bonds are fully convertible into 10,000,000 shares at a price of conversion price of KRW 500. The Series 21 bond include participation from Special Situation New Technology Fund 1 for KRW 5,000,000,000. The Series 22 bond include participation from Korea Securities Finance Corporation on behalf of JC Asset KOSDAQ Venture Hedge Fund 8 for KRW 3,000,000,000, Tiger KOSDAQ Venture Fund POTENTIAL Hedge Fund 107 on behalf of Tiger Investment Advisory Co.,Ltd, Samsung Securities Co., Ltd for KRW 100,000,000, Tiger Mezzanine Hama Hedge Fund 001 on behalf of Tiger Investment Advisory Co.,Ltd, Korea Investment & Securities Co., Ltd. for 200,000,000, Tiger Mezzanine & Alpha Hedge Fund 202 on behalf of Tiger Investment Advisory Co.,Ltd, Korea Investment & Securities Co., Ltd. for KRW 100,000,000, Tiger Alpha Hedge Fund 203 on behalf of Tiger Investment Advisory Co.,Ltd, Korea Investment & Securities Co., Ltd. for KRW 400,000,000, Tiger KOSDAQ Venture Fund ALPHA Hedge Fund 2 on behalf of Tiger Investment Advisory Co.,Ltd, Korea Investment & Securities Co., Ltd for KRW 1,000,000,000. The series 21 bonds are redeemable in nature. The transaction has been approved by the board of directors.