Mega Electronics Co., Ltd. announced a private placement of round 7 type Bearer-type, non-guaranteed, privately placed convertible bonds for gross proceeds of KRW 1,000,000,000 on May 14, 2024. The transaction include the participation from new investor Samsung Securities Co.,Ltd. The bonds have a coupon rate of 1% and yield to maturity of 5%. The bonds will mature on May 17, 2029.

The bonds will be 100% converted into 66,666 common shares at a fixed conversion price of KRW 15,000 per share for an equity stake of 1.83%. The conversion period is from June 17, 2024 to May 16, 2029. The payment date of the transaction is May 17, 2024.

The transaction has been approved by the board of directors of the company.