SEWON E&C CO., Ltd. announced a private placement of series 6 Non-guaranteed Private convertible bonds with Bearer Type Interest for gross proceeds of KRW 3,000,000,000 on August 11, 2022. The transaction will include participation from Kwangbio Co., Ltd. The bonds have a coupon rate of 0% and yield to maturity of 4%. The bonds will mature on August 17, 2025.

The bonds will be 100% converted into 3,444,316 common shares at a fixed conversion price of KRW 871. The conversion period is from August 17, 2023 to July 17, 2025. The subscription date is August 12, 2022 and payment date of the transaction is August 17, 2022.

The transaction has been approved by the board of directors of the company.