Hanchang Biotech Co., Ltd. announced a private placement of round 25 non-guaranteed interest bearing private placement non-separable bond with warrant for gross proceeds of KRW 12,500,000,000 August 4, 2022. The transaction will include participation from Jeonheung CNC Co., Ltd. The company will issue bonds at par. The bonds will carry 0% coupon rate, 3% yield to maturity rate, will mature on December 27, 2027.

and will be 100% convertible into 5,321,413 common shares of the company at a fixed conversion price of KRW 1,645 per share from December 31, 2025 to November 30, 2027.The expected date of payment is December 31, 2024. The company is issuing shares through third-party allocation. The transaction is approved by the board of directors of the company.