AIIT ONE Co., Ltd. announced a private placement of series 7 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 5,000,000,000, series 8 unregistered coupon unguaranteed private convertible bonds for gross proceeds of KRW 4,000,000,000, series 9 unregistered coupon nonguaranteed private convertible bond for gross proceeds of KRW 8,000,000,000 and for aggregate gross proceeds of KRW 17,000,000,000 on July 26, 2021. The transaction will include participation from returning Sangsangin Savings Bank, Investment Arm for KRW 4,000,000,000 and Sangsangin Plus Savings Bank, Investment Arm for KRW 1,000,000,000 for series 7 unsecured bonds, individual investors Kim, Kyung-deok for KRW 2,000,000,000, No,h Sang-hyun for KRW 2,000,000,000, Le,e Geun-woo for KRW 2,000,000,000, Jung, In-jun for KRW 1,000,000,000, and Park, Min-jung for KRW 1,000,000,000 for series 9, Pume Asset Management Co.,Ltd for KRW 4,000,000,000 for series 8. The series 7 bonds will bear maturity rate of 5% and coupon rate of 2% per annum, series 9 bonds will bear maturity rate of 3% and coupon rate of 0% per annum. The series 8 bonds will bear maturity rate of 5% and coupon rate of 2% per annum.

The series 7 bonds will mature on August 18, 2024, series 9 bonds will mature on September 30, 2024, and series 8 bonds will mature on August 18, 2024. The series 7 bonds are convertible into 1,933,488 common shares at a fixed conversion price of KRW 2,586 per share from August 18, 2022 to July 18, 2024. The series 9 bonds are convertible into 3,093,580 common shares at a fixed conversion price of KRW 2,586 per share from September 30, 2022 to August 30, 2024.

The series 8 bonds are convertible into 1,546,790 common shares at a fixed conversion price of KRW 2,586 per share from August 18, 2022 to July 18, 2024. The date of subscription is July 26, 2021and expected date of payment of series 7 bonds is August 18, 2021.The date of subscription is July 26, 2021 and expected date of payment of series 9 bonds is September 30, 2021. The date of subscription is July 26, 2021 and expected date of payment of series 8 bonds is August 18, 2021.

The transaction has been approved by the board of directors of the company.