Truwin Company Limited announced a private placemen to issue Series 16 3% Unsecured Private Placement Convertible Bonds due August 23, 2027 for the gross proceeds of KRW 15,000,000,000 on May 23, 2024. The transaction will include participation from new investor Quantum Partners No.1. The bonds bear 3% coupon rate and 3% maturity rate and matures on August 23, 2027. The bonds are 100% convertible into 5,716,463 shares at a fixed conversion price of KRW 2,624 from August 23, 2025 to August 22, 2027.

The transaction has been approved by shareholder, restricted to a hold period and is expected to close on August 23, 2024.