On December 18, 2023, Setopia Co.,Ltd. closed the transaction. The company issued 19th series unsecured private convertible bonds for gross proceeds of KRW 5,100,000,000. The bonds will be 100% convertible into 2,320,291 common shares of the company, representing 3.08% of the total number of shares at a fixed conversion price of KRW 2198 per share.

The conversion period is from December 18, 2024 to November 18, 2026.