CHEMTRONICS.CO.,Ltd. announced a private placement of 1,435,681 redeemable convertible preferred shares at a price of KRW 20,896 per share for gross proceeds of KRW 29,999,990,176 on March 28, 2023. The transaction will include participation from Axis Jump New Technology Investment Fund. The subscription and the payment dates are April 20, 2023.

The securities issued are registered, participating, cumulative class stocks with voting rights. The conversion price of securities is the same as the initial issue will be converted into 1,435,681 common stock of the company at ratio of one, starting from April 20, 2026 to April 20, 2029.