Hanjoo Light Metal Co., Ltd. announced a private placement of 4th bearer unsecured convertible bonds for the gross proceeds of KRW 20,000 million on June 29, 2023. The bonds are 100% convertible into 3,618,599 at a conversion price of KRW 5,527. The bonds have a maturity date of June 30, 2028.

The transaction has been approved by the shareholder's of the company and is expected to close on June 30, 2023.