Hanchang Corporation announced a private placement series 67 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 8,000,000,000 on July 4, 2022. The transaction will include participation from Magium Co., Ltd. The bonds bear a fixed interest rate of 3% and maturity rate of 5%. The bond maturity date is July 20, 2024.

The bonds are fully convertible at a fixed conversion price of KRW 1,075 per share into 7,441,860 common shares from July 20, 2023 to June 20, 2025. The payment date of the transaction is July 20, 2022. The bonds are restricted to a hold period of one year.