Mirae Corporation announced a private placement of series 9 non-guaranteed private placement convertible bond for gross proceeds of KRW 5,000,000,000 on June 26, 2023. The transaction will include participation from new investor, EV Advanced Material Co.,Ltd. The bonds carry an interest rate of 3% and yield to maturity rate of 5% maturing on September 22, 2026. The bonds are fully convertible into 193,281 common shares at an issue conversion price of KRW 25,869 between the period starting from September 22, 2024 and ending on August 22.

2026. The transaction has been approved by board of directors of the company. The expected date of payment is September 22, 2023.

The securities have a hold period of one year from the date of issuance.