IME YOUNYI Co., Ltd. announced private placement of series 4 bearer interest non-guaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 with Delta Cure Bio 1 Fund and series 5 bearer interest non-guaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 with Delta Cure Bio 2 Fund on December 29, 2020. The bonds does not bear any interest and have yield to maturity of 3%. The series 4 bonds will mature on April 2, 2024 and series 5 bonds will mature on April 9, 2024. The bonds are convertible into 3,329,448 shares at a fixed conversion price of KRW 6,007 per share. The series 4 bonds are convertible from April 2, 2022 to March 2, 2024 and series 5 bonds are convertible from April 9, 2022 to March 9, 2024. The expected subscription date is January 4, 2021 and payment date for series 4 bonds is April 2, 2021 and series 5 bonds is April 9, 2021. The transaction has been approved by the board of directors of the company.