Union Korea Pharm Co., Ltd. (KOSDAQ:A080720) announced a private placement of 1st series Non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 30,000,000,000 on April 30, 2021. The transaction will include participation from Eugene Investment & Securities Co.,Ltd. (KOSE:A001200) for KRW 3,000,000,000, Shinhan Financial Investment Co., Ltd., Investment Arm for KRW 2,000,000,000, KB Securities Co., Ltd., Investment Arm for KRW 2,000,000,000, Mirae Asset Securities Co., Ltd. (KOSE:A006800) for KRW 1,500,000,000, BOOKOOK Securities Co., Ltd. (KOSE:A001270), for KRW 1,000,000,000, Dongyang Co., Ltd. for KRW 1,000,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, Hanwha Investment & Securities Co., Ltd. for KRW 1,000,000,000, the trustee status of Fund 1 of KB Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, the trustee status of Fund 1 of KB Securities Co., Ltd., Investment Arm for KRW 1,500,000,000, the trustee status of Fund 3 of Korea Securities Finance Corporation, Investment Arm for KRW 500,000,000, the trustee status of Fund 4 of NH Investment & Securities Co., Ltd., Investment Arm for KRW 500,000,000, the trustee status of Fund 5 of NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, the trustee status of Fund 6 of NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, the trustee status of Fund 7 of Mirae Asset Securities Co., Ltd. (KOSE:A006800) for KRW 100,000,000, the trustee status of Fund 8 of KB Securities Co., Ltd., Investment Arm for KRW 800,000,000, the trustee status of Fund 9 of KB Securities Co., Ltd., Investment Arm for KRW 300,000,000, the trustee status of Fund 10 of KB Securities Co., Ltd., Investment Arm for KRW 500,000,000, the trustee status of Fund 11 of NH Investment & Securities Co., Ltd., Investment Arm for KRW 2,800,000,000, the trustee status of Fund 12 of Samsung Securities Co. Ltd., Investment Arm for KRW 2,000,000,000, the trustee status of Fund 13 of Samsung Securities Co.

Ltd., Investment Armfor KRW 1,000,000,000, the trustee status of Fund 14 of NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,000,000,000. the trustee status of Fund 15 of Samsung Securities Co. Ltd., Investment Arm for KRW 1,000,000,000, the trustee status of Fund 16 of Samsung Securities Co.

Ltd., Investment Arm for KRW 500,000,000, the trustee status of Fund 17 of KB Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, the trustee status of Fund 18 of KB Securities Co., Ltd., Investment Arm for KRW 500,000,000, the trustee status of Fund 19 of Shinhan Financial Investment Co., Ltd., Investment Arm for KRW 500,000,000. The note carries a coupon rate of 0% per annum, 3% yield to maturity and would mature on May 4, 2025. The bonds can be 100% converted into 1,887,861common shares for 23.89% stake of the company at a fixed conversion price of KRW 15,891per share.

The conversion period is from May 4, 2022 to April 4, 2025. The transaction is expected to close on May 4, 2021. The transaction has been approved by board of directors of the company.