Taihan Fiber Optics Co., Ltd announced a private placement of series 10 bearer-bearing interest-bearing, unsecured private placement convertible bonds for a gross proceeds of KRW 23,000,000,000 on November 3, 2023. The transaction will include participation from new investors KB Securities Co., Ltd., Investment Arm for KRW 18,000,000,000; Kiwoom Securities Co., Ltd., Investment Arm for KRW 1,500,000,000; Kiwoom-Focus No. 1 New Technology Business Fund for KRW 1,500,000,000; and KB-Suseong No.

1 New Technology Business Investment Association for KRW 2,000,000,000. The bonds have yield to maturity of 2%. The bonds will mature on November 7, 2028.

The bonds will be 100% converted into 14,838,709 common shares at a fixed conversion price of KRW 1,550 per share for an equity stake of 16.61%. The conversion period is from November 7, 2024 to October 7, 2028. The payment date of the transaction is November 7, 2023.

The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.