CQV Co., Ltd. announced a private placement to issue Zero Coupon Series 8 Bearer Interest Unsecured Private Placement Exchangeable Bonds due June 25, 2029 for the gross proceeds of KRW 9,570,000,000 on June 19, 2024. The transaction will include participation from new investor Kiwoom-Value Semiconductor Material New Technology Business Investment Fund The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 25, 2024. The bonds are 100% convertible into 580,000 shares at a fixed conversion price of KRW 16,500 from July 25, 2024 to May 25, 2029.

The bonds bear zero coupon rate, 2% maturity rate and matures on June 25, 2029.