Dongaone Co.,Ltd. announced a private placement of 10th unregistered unsecured unguaranteed private convertible bonds for gross proceeds of KRW 40,000,000,000 on March 30, 2016. The bonds will be issued at par. The bonds will mature on March 30, 2021, with lump-sum redemption of principal on maturity date.

The bonds will have a yield to maturity of 5.5%, and a fixed coupon rate of 4% per annum. The bonds will be convertible into common shares of the company at a rate of 100% and at a fixed conversion price of KRW 2,002 per share from March 31, 2017 to March 31, 2021. The transaction will include participation from a new investor, KDBC Eum No.4 Corporate Financial Stability Private Investment Limited Partnership.

The subscription date and the payment date for the transaction is March 31, 2016. The transaction was approved by the board of directors of the company.