Hanil Vacuum Co., Ltd. announced a private placement to issue Series 13 Bearer-Bearing Interest-Bearing, Unsecured Private Convertible Bonds for the gross proceeds of KRW 5,000,000,000 on March 5, 2024. The transaction will include participation from new individual investor Taekman Kim. The bonds bear 4% maturity rate and 4% interest rate and matures on March 8, 2027.

The transaction has been approved by the shareholders and is expected to close on March 8, 2024. The securities are restricted to a hold period of 1 year.