HANKOOK Technology Inc. announced a private placement of series 26 non-guaranteed private equity convertible bonds with bearer type interest part for gross proceeds of KRW 10,000,000,000 on November 14, 2022. The transaction will include participation from Shinsung K&C Co., Ltd. The bonds will have a surface interest rate and maturity rate of 5% and will mature on November 25, 2025. The bonds will be fully convertible into 12,019,230 common shares at issue conversion price of KRW 832 per share and have a conversion period beginning on November 25, 2023 and ending on October 25, 2025.

The subscription date was September 14, 2022 and the expected date of payment is November 25, 2022. The transaction has been approved by the board of directors of the company.