Wintec Co., Ltd. announced a private placement to issue Series 1 Interest Bearing Unsecured Private Placement Convertible Non-Separable Bonds With Warrants for the gross proceeds of KRW 10,000,000,000 on March 4, 2024. The transaction will include participation from new investor, Donggeum Association No. 1 for KRW 10,000,000,000.

The bonds will be 100% convertible into 4,464,285 shares in a conversion period starting from April 30, 2025 and ending on March 30, 2027 at a conversion price of KRW 2,240 per share. The bonds will mature on April 30, 2027. The transaction has been approved by the board of directors of the company.