DukSan Neolux Co.,Ltd announced that it will issue series 1 Bearer type non-guaranteed private placement convertible bonds for gross proceeds of KRW 20,000,000,000 and 821,167 common shares at a price of KRW 54,800 per share for gross proceeds of KRW 44,999,951,600 on November 24, 2021. The bonds will be issued at par. The shares will be issued through third-party allotment. The transaction will include participation from SVIC 55 New Technology Business Fund. The bonds ear zero coupon rate and an interest to maturity rate of 1%. The bonds will mature on November 30, 2026. The bonds are convertible into 326,797 common shares at a fixed conversion price of KRW 61,200 per share from November 30, 2022 to October 30, 2026. The date of subscription is November 26, 2021 and expected date of payment for the bonds is November 30, 2021 and for the shares is December 2, 2021. The transaction is approved by the board of directors of the company. The securities to be issued are subject to a hold period of one year.