Youil Energy Tech Co.,Ltd. announced a private placement to issue Series 2 Bearer-Type Non-Guaranteed Unsecured Private Placement Convertible Bonds for the gross proceeds for KRW 20,000,000,000 on May 16, 2024. The bonds are 100% convertible into 5,303,632 shares at a conversion price of KRW 3,771 per share in a conversion period starting from May 17, 2025 and ending on April 17, 2027. The bonds will mature on May 17, 2027.

The transaction has been approved by shareholders and is expected to close on May 17, 2024.