Thumbage Co., Ltd. announced a private placement of 4th series unregistered couponed unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on August 10, 2022. The transaction will include participation from returning investors, NH Investment & Securities Co., Ltd., Investment Arm for KRW 8,200,000,000, and Mirae Asset Securities Co. Ltd. for KRW 300,000,000, and other investors, Korea Securities Finance Corporation, Investment Arm for KRW 700,000,000, and KB Securities Co., Ltd., Investment Arm for KRW 800,000,000.

The bonds will be issued at 0% coupon rate, 0% yield to maturity rate, and will mature on August 12, 2027. The bonds can be 100% converted into 8,110,300 common shares for 5.67% stake in the company at a fixed conversion price of KRW 1233 per share. The conversion period is from August 12, 2023, to July 12, 2027.

The bonds will be issued at par. The transaction has been approved by the board of directors of the company. The subscription date and the payment date is August 12, 2022.