LIS Co., Ltd. announced a private placement of series 31 unregistered coupon nonguaranteed private convertible bond for a gross proceeds of KRW 15,000,000,000 on November 30, 2021. The transaction will include participation from GST 20-1 Fund. The bonds carry a coupon rate of 1.5% and have yield to maturity of 4.5%. The bonds will mature on January 06, 2025. The bonds will be 100% converted into 3,118,503 common shares at a fixed conversion price of KRW 4,810 per share for an equity stake of 18.21%. The conversion period is from January 06, 2023 to December 06, 2024. The payment date of the transaction is January 06, 2022. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.