Icure Pharm. Inc. (KOSDAQ:A175250) announced a private placement of unregistered coupon unguaranteed private convertible bond for the gross proceeds of KRW 40,000,000,000 on April 16, 2019. The transaction will include participation from Hanyang Axis Bio Venture Capital Investment Fund for KRW 5,000,000,000, ANDA Mezzanine Hedge Fund 6, ANDA Mezzanine Hedge Fund 7 for KRW 8,000,000,000, ANDA Cruise Hedge Fund, ANDA Milestone Hedge Fund for KRW 1,600,000,000, ANDA Voyager Hedge Fund for KRW 200,000,000, ANDA Cutting Edge Hedge Fund for KRW 200,000,000, SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 500,000,000, Susung KOSDAQ Venture Multi-Asset Open Hedge Fund, Susung Multi-Asset Hedge Fund 5, Susung KOSDAQ Venture P1 Hedge Fund for 2,000,000,000, Susung KOSDAQ Venture Multi-Asset Public Stock Hedge Fund for KRW 500,000,000, Susung Multi-Mezzanine P4 Hedge Fund, Susung KOSDAQ Venture Previlege P2 Hedge Fund for KRW 2,000,000,000, Hanyang Securities Co.

Ltd. (KOSE:A001750) for KRW 2,000,000,000, GVA Fortress-V Hedge Fund, GVA Mezz-V Hedge Fund for KRW 1,000,000,000, GVA Pure Mezz Hedge Fund for KRW 1,500,000,000, GVA KOSDAQ IPO-I Hedge Fund for KRW 500,000,000, Orion Capital Management for KRW 200,000,000, Orion KOSDAQ Venture Hedge Fund 13, Orion KOSDAQ Venture Hedge Fund 23, Orion KOSDAQ Venture Hedge Fund 28 for KRW 1,300,000,000, Orion Pre-IPO Hedge Fund 26 for KRW 500,000,000, Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for KRW 2,000,000,000, IBKC-GMB New Growth Investment Fund, a fund co-managed by GMB Investment Co., Ltd. for KRW 2,000,000,000, Hana Financial Investment Co., Ltd. for KRW 2,000,000,000, Kiwoom Securities Co., Ltd. (KOSE:A039490). for KRW 2,000,000,000, EBEST Investment & Securities Co., Ltd. (KOSDAQ:A078020) for KRW 1,000,000,000, Shinhan Investment Corp. for KRW 1,000,000,000, New Growth Won New Technology Fund for KRW 1,000,000,000, Tiger KOSDAQ Venture Fund ALPHA 2 Hedge Fund for KRW 1,000,000,000 and Eureka KOSDAQ Venture Hedge Fund 2 for KRW 1,000,000,000.

The coupon rate of the bond is 0.5%. The maturity date of bond April 18, 2024. The conversion rate of the bonds in 100% and conversion price is KRW 42,558.

The bonds are convertible into 939,893 common shares of the company. The conversion period of the bonds is from April 18, 2020 to March 18, 2024. The payment date of the transaction is April 18, 2019.

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