Sugentech Inc. announced a private placement of episode 2 non-guaranteed private equity convertible bonds with bearer interest for proceeds of KRW 20,000,000,000 and 738,905 shares at a price of KRW 20,300 per share for proceeds of KRW 14,999,771,500 for total gross proceeds of 34,999,771,500 on July 8, 2021. The transaction will include participation from Hanyang Securities Co., Ltd., Investment Arm for KRW 500,000,000 of non-guaranteed private equity convertible bonds, Shinhan Financial Investment Co., Ltd., Investment Arm for KRW 1,500,000,000 of non-guaranteed private equity convertible bonds and other investors for non-guaranteed private equity convertible bonds. The bond will carry no coupon and yield to maturity of 0%. The bonds will be mature on July 16, 2024. The bonds will be 100% converted into 868,394 common shares representing 5.46% of total shares of the company at a fixed conversion price of KRW 23,031 per share. The conversion period is from July 16, 2022 to June 24, 2024. The capital increase will be through 3rd party allocation increase method for shares. The transaction will also include participation from Hanyang Securities Co., Ltd., Investment Arm for 24,630 shares, Shinhan Financial Investment Co., Ltd., Investment Arm for 73,891 shares, Samsung Securities Co. Ltd., Investment Arm for 73,890 shares. The shares will subject to All compulsory protection deposit for 1 year. The payment date of the transaction is July 16, 2021. The transaction has been approved by the board of directors of the company. The securities issued in the transaction are subject to a lock up period of 1 year.