Dk Tech Co.,Ltd announced a private placement of series 1 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 30,000,000,000 on July 20, 2021. The transaction will involve participation from Pharos Asset Management Co., Ltd. for KRW 16,000,000,000, GVA Asset Management Co., Ltd. for KRW 6,000,000,000, KAI IT 3 for KRW 3,000,000,000, NH Hedge Co., Ltd. for KRW 2,000,000,000, and Shinhan Investment Corp. for KRW 3,000,000,000. The bonds will have zero coupon rate, will mature on July 22, 2026, and will be fully convertible into 1,238,543 common shares, representing 13.08% stake, at a conversion price of KRW 24,222 per share from July 22, 2022 to June 22, 2026. The subscription date of bonds is July 22, 2021, and the payment date of bonds is July 22, 2021. The transaction was approved by the board of directors of the company. The securities to be issued will have a lock up period for one year, post the closing.