Mercury Corporation announced a private placement of 5th series non-guaranteed private equity convertible bonds with bearer type interest part for gross process of KRW 15,000,000,000 on June 28, 2021. The transaction will include participation from Hanyang-Meritz New Technology Business Investment Association No. 1 for KRW 15,000,000,000. The bonds are issued at zero interest rate and will mature on June 30, 2026. The bonds are 100% converted into 1,475,651 common shares at a fixed conversion price of KRW 10,165 per share. The conversion period is from June 30, 2022 to May 30, 2026. The transaction has been approved by the board of directors of the company. The transaction is expected to close on June 30, 2021. The bonds have a lock up period of 12 months.