HANKOOK Technology Inc. announced a private placement of series 22 non-guaranteed unregistered convertible bonds for gross proceeds of KRW 13,000,000,000 and series 21 Non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 4,000,000,000 for aggregate gross proceeds of KRW 17,000,000,000 on November 5, 2021. The transaction will include participation from returning investor Hankook Innovation Inc. for series 22 non-guaranteed unregistered convertible bonds. The series 21 bonds will be convertible into 3,745,318 shares.

The series 22 non-guaranteed unregistered convertible bonds will mature on November 10, 2022 and the conversion period will start from November 10, 2022 and end date of October 10, 2024. The series 21 and series 22 is expected to close on November 9, 2021 and November 10, 2021 respectively. The transaction has been approved by the board of directors.