Welcron Company Limited announced a private placement of 10th unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 15,000,000,000 on August 25, 2021. The transaction will include participation from new investor, Kyobo Kiwoom New Materials and New Technology Investment Association. The bond is issued at 0% surface interest rate rate, 0% maturity rate and will mature on August 27, 2026. The bonds will be 100% converted into 3,389,064 common shares representing 10.72% stake of the company at a fixed conversion price of KRW 4,426 per share. The conversion period is from August 27, 2022 to July 27, 2026. The transaction has been approved by the board of directors of the company. The subscription date and the payment date is August 27, 2021.