DH AUTOLEAD Co.,Ltd. announced a private placement to issue Series 12 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 11,000,000,000 on June 4, 2024. The transaction will include participation from new investors Korea Fixed Income Investment Advisory Co., Ltd. for KRW 6,500,000,000, Korea Investment & Securities Co., Ltd. (From the fiduciary of "Fund 1") for KRW 3,500,000,000 and Ace Welcome New Technology Investment Fund No.2 for KRW 1,000,000,000. The transaction has been approved by shareholders, restricted to a hold period and expected to close on June 7, 2024.

The bonds are 100% convertible into 3,754,266 shares at a fixed conversion price of KRW 2,930 from June 7, 2025 to May 7, 2029. The bonds bears 1% coupon rate and 2% maturity and matures on June 7, 2029.