Outin Futures Co., Ltd announced a private placement of series 3 unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 10,000,000,000 on November 11, 2022. The series 3 bonds will be fully convertible into common shares of Audin Futures Co., Ltd. at an issue conversion price of KRW 2,961 per share. The expected date of subscription is November 14, 2022.

The transaction has been approved by board of directors of the company.