'iWIN CO.,LTD announced a private placement of 4th Bearer Type Interest Part Unguaranteed Private Placement Convertible Bonds for gross proceeds of KRW 12,000,000,000 on April 20, 2022. The transaction included participation from Winir Co., Ltd. for KRW 6,000,000,000 BTCI No. 1 2021 Venture Investment Association for KRW 5,000,000,000 and BTC Investment for KRW 1,000,000,000.The bonds will carry 1% coupon rate, 3% yield to maturity rate, will mature on May 27, 2025 and will be 100% convertible into 4,571,428 common shares of the company at a fixed conversion price of KRW 2,625 per share from May 27, 2023 to April 27, 2025.

The transaction has been approved by the board of directors of the company. The payment date is on May 27, 2022. The securities are redeemable.