RYUK-IL C&S.,Ltd. announced a private placement to issue Zero Coupon Series 3 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds due July 10, 2027for the gross proceeds of KRW 5,000,000,000 on June 18, 2024. The transaction will include participation from new investors Lee Don-won for KRW 3,700,000,000 and Jeonggyun Lee for KRW 1,300,000,000. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on July 10, 2024.

The bonds are 100% convertible into 1,922,337 shares at a fixed conversion price of KRW 2,601 from July 10, 2025 to July 10, 2027. The bonds bear zero coupon rate, 2% maturity rate and is matures on July 21, 2027.