Leaders Technology Investment Co., Ltd. announced private placement of series 14 non-guaranteed private equity convertible bonds with bearer interest for gross proceeds of KRW 20,000,000,000 on October 26, 2021. The transaction will include participation from Chief Executive Officer, Kim, Hyung-Jun for KRW 8,000,000,000 and The H Teck Co., Ltd. for KRW 12,000,000,000. The bonds bear interest of 0% and yield to maturity of 0% and matures on October 27, 2025.

The bonds are fully convertible into 3,831,417 shares at a fixed conversion price of KRW 703 per share from January 27, 2023 to September 27, 2025. The payment date is October 27, 2021. The transaction has been approved by the board of directors of the company.

The securities will be issued at a hold period of 1 year.