Emb Co.,Ltd. announced a private placement to issue Series 4 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 12,000,000,000 on January 10, 2024. The transaction will include participation from new investors Fine M-Tec CO.,LTD. for KRW 5,800,000,000, With Investment Management Co., Ltd. for KRW 3,200,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 1) for KRW 1,000,000,000, Mirae Asset Securities Co., Ltd. (In the fiduciary position of Fund 2) for KRW 500,000,000, Kyobo Securities Co.,Ltd. for KRW 1,000,000,000 and Mirae Asset Securities Co., Ltd. (In the fiduciary position of Fund 3) for KRW 500,000,000. The bonds bear 2% coupon rate and 5% maturity rate and matures on January 12, 2029.

The bonds are 100% convertible into 1,005,107 shares at a fixed conversion price of KRW 11,939 from January 12, 2025 to December 12, 2028. The transaction has been approved by the shareholders of the company and is expected to close on January 12, 2024. The securities are restricted to a hold period of 1 year.