Yulho Co., Ltd. Announced a private placement of 9th series unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 20,000,000,000 on April 26, 2023. The transaction will include participation from new investor, L&P Association. The bonds will bear surface interest rate of 3% and yield to maturity of 4% and will mature on July 14, 2026.

The bonds will be fully convertible into 6,863,417 common shares at a fixed conversion price of KRW 2914 between the period of July 14, 2024 to June 13, 2026. The payment date is July 14, 2023. The transaction has been approved by the board of directors of the company.

The shares will be subject to a hold period of 1 year.