Huons Global Co., Ltd. announced a private placement of series one bearer type unguaranteed private placement convertible bonds for gross proceeds of KRW 50,000,000,000 on October 28, 2021. The transaction has been approved by the board of directors of the company. The bonds are 100% convertible into 974,032 common shares of the company at a conversion price of KRW 51,333 per share during a conversion period beginning on November 1, 2022 and ending on October 1, 2026.

The transaction is expected to close on November 1, 2021. The securities to be issued pursuant to the transaction are subject to a hold period of one year from the date of issuance. The bonds will have a maturity date of November 01, 2026.