Mirae Corporation announced that it will issue series 7 unregistered unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on November 25, 2021. The bonds will be issued at par. The transaction will include participation from KANGLIM Co., Ltd. The bonds are zero coupon bond and have a maturity rate of 3%.

The bonds will mature on December 15, 2024. The bonds are convertible into 732,600 common shares at a fixed conversion price of KRW 13,650 per share from December 15, 2022 to November 15, 2024. The date of subscription is November 25, 2021 and expected date of payment is December 15, 2021.

The transaction is approved by the board of directors of the company.