COSON Co., Ltd. announced a private placement of 18th Type Bearer Type Interest Part Anonymous unsecured private placement separable new share subscription warrant bonds for the gross proceeds of KRW 10,000,000,000 on June 27, 2024. The transaction will include participation from new investor Sungwoo Electronics Co., Ltd. The bonds will carry zero coupon rate,will mature on June 28, 2029 and will be 100% convertible into common shares of the company at a fixed conversion price of KRW 1,100 per share from June 28, 2025 to June 20, 2029. The transaction has been approved by the board of directors of the company.

The payment date is on June 28, 2024.