Sungho Electronics will issue KRW 100 billion in private convertible bonds (CB) to repay debt and secure operating funds.

On the 6th, Sungho Electronics announced that it held a board meeting and decided to issue KRW 100 billion (100,000,000,000 won) worth of its 20th unregistered unguaranteed private convertible bonds. Of the funds raised this time, KRW 90 billion will be used for debt repayment and the remaining KRW 10 billion for company operating funds.

The key detailed terms of this convertible bond issuance are as follows.

• *■ Issuance and Conversion Terms**
• Interest and Maturity: Both the coupon rate and maturity rate are 0%. The payment date is August 14, 2026, and the maturity date is August 14, 2029.
• Conversion Request: The conversion price per share is KRW 19,114. The total number of shares that can be issued upon conversion is 5,231,767, which corresponds to 6.65% of the total number of issued shares on a post-issuance basis. The conversion request period runs from August 14, 2027 to July 14, 2029.

• *■ Granting of Put and Call Options**
• This issuance also includes option terms for the bondholders and the largest shareholders.
• Put Option (Bondholders): Bondholders are granted a put option allowing them to request early repayment at 100% of the principal every three months starting from February 14, 2028, which is 18 months from the issuance date.
• Call Option (Largest Shareholders): Seoryong Electronics and Park Sung-jae, the largest shareholders, hold a call option of up to KRW 40 billion, which is 40% of the total issuance amount. The call option exercise period runs from August 14, 2027 to February 14, 2028, and upon exercise, up to 2,092,706 shares (a 2.66% stake) can be acquired based on the conversion price.