Wireless Power Amplifier Module Inc. announced that it will issue series 1 Non-guaranteed Private convertible bonds with Bearer Type Interest Part for gross proceeds of KRW 20,000,000,000 and 8,983,885 convertible preferred shares at an issue price of KRW 8,070 for gross proceeds of KRW 72,499,951,950, and bond warrants for gross proceeds of KRW 20,000,000,000 for aggregate proceeds of KRW 112,499,951,950 on November 30, 2021. The bonds will be issued at par. The transaction will include participation from IBKTS Exit J-Ho Private Equity Joint Venture for KRW 3,700,000,000, Lindman Asia Fund No. 16 for KRW 3,700,000,000, Lindman Innovation Growth Private Equity Joint Venture for KRW 400,000,000, 2021 New Deal Innovation Growth Fund for KRW 5,900,000,000, Energy Innovation Growth Fund No. 1 for KRW 500,000,000, K-Clavis Be-Hi Rechallenge Fund for KRW 500,000,000, Be-Hi Impact Fund No. 1 for KRW 300,000,000, Ulmer New Deal Service Fund No. 1 for KRW 2,600,000,000 and Yuamco IBK Financial Group Corporate Financial Stability Private Equity Joint Venture Company for KRW 2,400,000,000. The bonds are zero coupon bonds. The bonds will mature on December 23, 2026. The bonds are convertible into 2,398,369 common shares at a fixed conversion price of KRW 8,339 per share from December 23, 2022 to November 23, 2026. The date of subscription is March 16, 2020 and expected date of payment is December 23, 2021. The transaction is approved by the board of directors of the company. The bonds are subject to a hold period of one year from the date of issue. The preferred shares are issued are Redeemable, Convertible, participatory and cumulative at a divined of 1% per annum.