Ewon Comfortech Co., Ltd. announced a private placement of series 8 unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 7,700,000,000 on March 2, 2023. The transaction will include participation from AHA Innovation Mobility Investment Association No. 1 for KRW 1,800,000,000, The Plus Associates Co., Ltd. for KRW 300,000,000, individual investors, Youngjae Won for KRW 500,000,000, Joo-Ri Kim for KRW 100,000,000, Woo Seok-hee for KRW 500,000,000, Kim Yeo-kyung for KRW 500,000,000, Hyun Kim for KRW 500,000,000, Ahn Euncheol for KRW 500,000,000, Seonhwa Yang for KRW 400,000,000, Hoyoung Kang for KRW 100,000,000, Sangheon Lee for KRW 100,000,000, Jinyoung So for KRW 100,000,000, Hwangjin Yoon for KRW 1,300,000,000, Kwon Hyo-sun for KRW 100,000,000, Hyerin Yoon for KRW 100,000,000, Jeong Yeonbin for KRW 100,000,000, Hyesung Yoon for KRW 200,000,000, Hongjun Yoon for KRW 200,000,000 and Byungseop Lee for KRW 300,000,000. The zero coupon bonds will have a maturity rate of 5% and will mature on March 6, 2026. The bonds will be fully convertible into 1,051,625 common shares at an issue conversion price of KRW 7,322 per share between the period starting from March 6, 2024 and ending on February 6, 2026. The expected date of payment is March 6, 2023. The transaction has been approved by board of directors of the company. The securities have a hold period of one year from the date of issuance.

On the same date, the company announced a private placement of series 7 bearer non-guaranteed privately placed convertible bonds for gross proceeds of KRW 13,000,000,000 on March 2, 2023. The bonds will be convertible into 1,775,471 shares at a conversion price of 7,322. The transaction has been approved by the board of directors of the company.