Ewon Comfortech Co., Ltd. announced a private placement of series 9 unsecured privately placed convertible bonds with bearer interest for the gross proceeds of KRW 23,400,000,000 on March 8, 2023. The bonds carry a coupon rate of 0% and maturity rate of 5%. The bonds will be 100% converted into 2,848,447 common stock of the company at a price of KRW 8,215 per share from March 13, 2024 to February 13, 2026.

The transaction has been approved by the shareholder's of the company and is expected to close on March 13, 2023. The bonds will be matured on March 13, 2026.