Dayou A-Tech Co.,Ltd announced a private placement of series 32 anonymous, non-guaranteed, privately held bonds with warrants for a gross proceeds of KRW 2,000,000,000 on April 25, 2024. The transaction will include participation from new investor DB Financial Investment Co.,Ltd. The bonds have a coupon interest rate of 4% and yield to maturity of 6%. The bonds will mature on April 29, 2027.

The bonds will be 100% converted into 1,672,240 common shares at a fixed conversion price of KRW 1,196 per share for an equity stake of 3.92%. The conversion period is from April 29, 2025 to March 29, 2027. The payment date of the transaction is April 29, 2024.

The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.