KH Feelux Co., Ltd. announced a private placement of series 20 non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 5,000,000,000 on August 18, 2021. The transaction will include participation from new investor, IokCompany Co., Ltd. The series 20 bonds bear zero coupon rate and will mature on August 18, 2024, and are fully convertible into 1,555,209 shares, representing 1.15% stake, at a fixed conversion price of KRW 3,215 per share from August 18, 2022 to July 18, 2024. The bonds will carry a Coupon Rate of 3.5% and Maturity rate of 3.5% in the transaction.

The payment date and subscription date is August 18, 2021. The transaction has been approved by the board of directors.