Winnova Co.,Ltd announced a private placement of series 11 bearer type non-guaranteed interest-bearing private placement convertible bonds for gross proceeds of KRW 1,000,000,000 on December 20, 2021. The transaction will include participation from Haesung Optics Co., Ltd. The bonds will mature on December 20, 2024. The bonds carry coupon rate of 0% and interest to maturity of 3% per annum.

The bonds are fully convertible into 140,449 shares each of the company at a conversion price of KRW 7,120 per share. The conversion period for the bonds will be December 20, 2022 till November 20, 2024. .

The transaction has been approved by the board of directors of the company. The company issued at par.