Naintech CO.,LTD announced that it will issue 3,259,973 registered redeemable convertible preferred stock at a price of KRW 3,681 per share for the gross proceeds of KRW 11,999,960,613 on August 2, 2023. The preferred stocks will bear an interest rate of 3% and will be convertible into 3,210,262 shares of the company at a conversion price of KRW 3,738. The transaction has been approved by the shareholders of the company.

The shares will be allotted through third party method of allotment.