Aluko Co., Ltd. (KOSE:A001780) announced that it will receive KRW 32,000,000,000 in a round of funding on June 26, 2019. The company will issue unregistered unguaranteed private convertible bonds in the transaction. The transaction will include participation from Susung KOSDAQ Venture Multi-Asset Public Stock Hedge Fund 2, Susung Multi-Mezzanine P1 Hedge Fund , Susung Multi-Mezzanine P2 Hedge Fund, Susung Multi-Mezzanine P4 Hedge Fund, Susung Multi-Mezzanine P8 Hedge Fund, Susung Multi-Mezzanine P6 Hedge Fund, Susung Multi-Mezzanine P3 Hedge Fund, Susung Multi-Mezzanine P7 Hedge Fund for KRW 5,000,000,000, Lime Saturn Hedge Fund 11 [Balanced –Derived], Lime Saturn Hedge Fund 10 [Balanced -Derived], Lime Saturn Hedge Fund 12 [Balanced -Derived] for KRW 4,000,000,000, Focus MD4 Super Rich Golden Plus Hedge Fund 1, Focus Y4 Super Rich Hedge Fund 3, Focus N4 Super Rich Pacific Hedge Fund 1, Focus Y4 Super Rich Step-Up Hedge Fund 1, Focus SY4 Super Rich Unicorn Hedge Fund 1, Focus SY4 Super Rich Well Root Hedge Fund 1, Focus SY4 Super Rich Champion Hedge Fund 1, Focus SY4 Super Rich Trust Hedge Fund 1, Focus SY4 Super Rich Grand Slam Hedge Fund 1, Focus KB4 Super Nova Hedge Fund 1, Focus N4 Super Rich Harvest Hedge Fund 1, Focus TF4 Super Rich Apollo Hedge Fund 1, Focus TF4 Super Rich Voyager Hedge Fund 1, Focus TF4 Super Rich Discovery Hedge Fund 1, Focus TF4 Super Rich Challenger Hedge Fund 1, Focus TF4 Super Rich Quantum Leaf Hedge Fund 1 for gross proceeds of KRW 4,000,000,000, Ion Zeus Hedge Fund 3, Ion Metis Hedge Fund 6, Ion Metis Hedge Fund 7 for gross proceeds of KRW 4,000,000,000, Shinhan Investment Corp for KRW 3,500,000,000, Hanyang Securities Co.

Ltd for KRW 3,000,000,000, ASAM Mezzanine Plus Hedge Fund 1, ASAM Mezzanine Plus Hedge Fund 2, ASAM Konex High Yield Mezzanine Alpha Hedge Fund 3 for KRW 2,000,000,000, NH Investment & Securities Co., Ltd. for KRW 2,000,000,000, NH Absolute Return Specialty Investment Type Private Investment Trust No. 1; a fund managed by NH Investment & Securities Co., Ltd., Asset Management Arm for KRW 2,000,000,000, Core Mezzanine Pre-IPO Hedge Fund 2, Core IPO Series Multi Hedge Fund 1 for KRW 1,500,000,000 and BNK Securities Co., Ltd. for KRW 1,000,000,000. The maturity date of the bonds is June 28, 2024.

The bonds do not bear any interest. The bonds are 100% convertible at a fixed conversion price of KRW 2,993. Upon the conversion of the bonds, the company will issue 10,691,613 common shares.

The conversion period will start on June 28, 2020 and end on May 28, 2024. The expected closing date of the transaction is June 28, 2019. The board of directors of the company approved the transaction.