Sejong Medical Co., Ltd. announced a private placement of series 8 type unsecured privately placed convertible bonds with bearer interest got the gross proceeds of KRW 3,500,000,000 on December 12, 2022.The transaction will include participation from Doowon Science Association for KRW 3,500,000,000. The bonds are 100% convertible into 1,193,724 common shares a the conversion price of KRW 2,932 per share. The bonds will mature on March 31, 2026 with the conversion period from March 31, 2024 to February 28, 2026.

The transaction is expected to close on March 31, 2023. The bonds will have a hold period of one year. The transaction has been approved by the board of directors of the company.