Hitron Systems Inc. announced that it will issue series 24 non-guaranteed private equity convertible bonds for gross proceeds of KRW 999,000,000 on June 14, 2021. The bonds bear zero interest rate and will mature on June 15, 2023. The bonds are 100% convertible into 83,949 common shares at a conversion price of KRW 11,900 from June 15, 2022 to May 15, 2023. The transaction will include participation from Jeog Ho Park. The transaction has been approved by the board of directors and is expected to close on June 15, 2021.