KH Feelux Co., Ltd. announced a private placement of series 22 non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 2,500,000,000 on January 12, 2022. The transaction will include participation from SBW, Inc. The bonds bear zero coupon rate and maturity rate of 3% and will mature on January 13, 2025, and are fully convertible into 967,492 shares, representing 0.70% stake, at a fixed conversion price of KRW 2,584 per share from January 13, 2023 to December 13, 2024. The payment date is January 13, 2022.

The transaction has been approved by the board of directors.