Fine DNC Co., Ltd. announced a private placement of series 7 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 19,700,000,000 on October 26, 2022. The round will include participation from returning investor, Eugene Investment & Securities Co.,Ltd. The zero coupon bonds will mature on October 28, 2027 with maturity rate of 3%. The bonds are fully convertible into 10,314,136 common shares at a conversion price of KRW 1,910 per share and having a conversion period beginning on October 28, 2023 and ending on September 28, 2027.

The transaction has been approved by the board of directors of the company. The subscription date and expected date of payment is October 28, 2022.