Evps Co., Ltd. announced a private placement of 1,000,000 common shares at an issue price of KRW 1,600 per share for the gross proceeds of KRW 1,600,000,000 and Series 3 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 1,600,000,000; aggregate gross proceeds of KRW 3,200,000,000 on October 16, 2023. The transaction will include participation from new investor Happy Biotech Co., Ltd. The transaction has been approved by the shareholders of the company and is expected to close on December 15, 2023. The shares will be allotted through third party method of allotment. The shares are restricted to a hold period of 1 year.

Series 3 bonds - The transaction will include participation from new investor Happy Biotech Co., Ltd. The bonds are 100% convertible into 1,000,000 shares at a fixed conversion price of KRW 1,600 from December 15, 2024 to November 15, 2028. The bonds bear 4,5% coupon rate and zero maturity rate and matures on December 15, 2028. The transaction has been approved by the shareholders of the company and is expected to close on December 15, 2023.