1. The plaintiff's claim is dismissed.

2. The costs of lawsuit shall be borne by the Plaintiff.

Details of the disposition

The Plaintiff Co., Ltd. (the Plaintiff’s trade name was “Co., Ltd. C”, “Co., Ltd. B”, and “Co., Ltd. D,” and as of February 15, 2019, regardless of whether it was before or after the mutual change; hereinafter in this context, the Plaintiff, regardless of whether it was before or after the mutual change, determined on August 26, 2015, to issue “Co., Ltd. 7 non-registered private equity bonds” with the face value of 2 billion won per annum, 2% per annum per annum, and 26 August 26, 2045.

(hereinafter “The instant convertible bonds” refers to the instant convertible bonds. A report on material facts submitted by the Plaintiff to the Financial Supervisory Service on August 19, 2015 (hereinafter “the instant report on material facts”) contained the matters regarding the decision to issue the instant convertible bonds, among which matters regarding the conversion “9.”

The conversion rate: 100% weighted average price per share: 16,547 won method of calculating the conversion price: Pursuant to Article 5-22 of the Regulations on Issuance and Public Disclosure, etc. of Securities (hereinafter referred to as the "Regulations"), the credit appraisal rating of the bonds evaluated by two or more credit assessment business entities shall be the speculative grade (B hereinafter referred to as the "B") and the value of the monthly average of the average of the prices calculated by calculating the average of the daily average prices of each week and the recent average of the prices of the third transaction days of the issuance of the bonds, and the value equivalent to 90% of the highest of the average of the prices of the third transaction days of the issuance of the bonds, if there is no subscription date, the amount below the original unit shall be reduced.

The class of shares to be issued upon conversion: The conversion value shall be adjusted on November 26, 2015 and each three-month response day after the date of issuance of the instant convertible bonds, in addition to the adjustment of the conversion value under sub-paragraph (a) through (c) of the matters concerning the adjustment of the conversion value of common shares to C-registered common shares; and