Castec Korea Co.,Ltd announced a private placement of 6th bearer type interest part no guarantee private placement convertible bond for KRW 8,000,000,000 on October 19, 2021. The expected payment date is October 21, 2021. The bonds will bear mature rate of 2% and will mature on October 21, 2026.

The bonds are 100% convertible and convertible into 2,047,606 shares at an conversion price of KRW 3,907. The transaction was approved by the board of directors of the company. The transaction will include participation from IBK Financial Group Synergy Ivy Business Reorganization New Technology Fund for KRW 5,000,000,000 and Synergy Turnaround No.16 New Technology Business Fund for KRW 3,000,000,000.