ICH Co., Ltd. announced a private placement of 2nd unsecured privately placed exchangeable bond with unregistered interest for the gross proceeds of KRW 3,002,770,000 on March 30, 2023. The transaction will include participation from Hanyang Securities Co. Ltd. The bonds are 100% convertible into 351,283 common shares at a conversion price of KRW 8,548.

The bonds will be matured on a debt maturity date of April 3, 2027. The transaction is expected to close on April 3, 2023. The transaction has been approved by the shareholder's of the company.