UTI INC. Announces 10 Billion Won Convertible Bond Issuance at 21,178 Won Conversion Price for Debt Repayment

Issuance of 10 billion won in 6th unregistered, unsecured private convertible bonds: conversion price 21,178 won (100% of reference price), maturity May 29, 2031, zero coupon, 2% yield to maturity.
New shares upon conversion: 472,188 shares (2.28% of outstanding), bringing total potential dilution from all outstanding CBs to 24.78%.
All proceeds (10 billion won) to be used to repay the existing 1st CB (outstanding 23.9 billion won).
Investors can exercise put option from Nov 29, 2028, every 3 months (first put price 105.114% of face value).
Issuer may call up to 30% of bonds from May 29, 2027 to May 29, 2028, every 3 months (call price includes 2% annual compound interest).
Conversion price resets every 7 months, with floor at 14,825 won (70% of issue price). Upward adjustment possible but capped at initial price.
Tag-along right granted: investors may participate in any share sale by the largest shareholder on same terms.
Issuance targets: KB Securities (1 bln), Shinhan Investment (1 bln + 6 bln), Rico Asset Management (2 bln) via four funds.

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