Youil Energy Technology CO.,LTD announced a private placement of series 1 non-guaranteed private equity convertible bonds with bearer type interest part for gross proceeds of KRW 30,000,000,000 on February 14, 2022. The transaction will include participation from Tigris Investment Association No. 48.

The bonds do not carry any interest. The bond maturity date is February 18, 2025. The bonds are fully convertible at a fixed conversion price of KRW 21,315 per share into 1,407,459 common shares from February 18, 2023 to January 18, 2025.

The securities to be issued in the transaction are subject to a hold period of one year. The bonds are redeemable. The subscription date of the transaction is February 16, 2022 and the payment date is February 18, 2022.

The transaction was approved by the board of directors of the company.