Nousbo Co., Ltd announced a private placement 2nd Bearer Type Unguaranteed Private Placement Convertible Bonds for an aggregate gross proceeds of KRW 20,000,000,000 September 1, 2022. The bonds will mature on September 06, 2027. The bonds are fully convertible into 7,165,890 shares at a conversion price of KRW 2,791 per share.

The conversion period starts at September 06, 2023 and ends on August 06, 2027. The transaction includes the investor Shinhan Investment Corp. for KRW 2,000,000,000, Kiwoom Securities Co., Ltd. for KRW 1,500,000,000, Kiwoom-Susung No.1 New Technology Business Fund for KRW 2,000,000,000, Ace Susung New Technology Fund 16 for KRW 500,000,000, Mezzanine New Technology Fund No.

1 for KRW 500,000,000, NH Investment & Securities Co., Ltd. in the trustee status of Funds 1, 2, 3, 4, 5, 6, 7, 8 for KRW 3,000,000,000, NH Investment & Securities Co., Ltd. in the trustee status of the Fund 9, 10, 11, 12, 13, 14 for KRW 2,500,000,000, KB Securities Co., Ltd. Co., Ltd. in the trustee status of the Fund 15, 16, 17 for KRW 1,500,000,000, INDUSTRIAL BANK OF KOREA in the trustee status of the Fund 18 for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. in the trustee status of the Fund 19 for KRW 500,000,000, Samsung Securities Co., Ltd. in the trustee status of the Fund 20, 21, 22, 23 for KRW 3,000,000,000, Samsung Securities Co., Ltd. in the position of the trustee of the Fund 24, 25 for KRW 700,000,000 and KB Securities Co., Ltd. in the trustee status of the Funds 26 for KRW 1,300,000,000. The expected closing date is September 6, 2022. The transaction has been approved by the board of directors of the company.