YeSUN Tech Co.,Ltd. announced a private placement of 2nd bearer non- registered interest-bearing, unsecured private placement convertible bonds for the gross proceeds of KRW 2,500,000,000 on March 26, 2024. The bonds will be convertible into 3,419,972 shares of the company at a price of KRW 731 per share. The bonds will have a zero coupon rate and will be matured on March 28, 2029.

The transaction has been approved by the shareholders of the company and it expected to close on March 28, 2024.