BioPlus Co., Ltd. announced a private placement of 690,845 registered non-voting redeemable convertible preferred shares at issue price of KRW 28,950 per share for gross proceeds of KRW 19,999,962,750 on October 6, 2022. The transaction will include participation from Lindman - Woori Technology Finance Fund No. 13 for 69,084 shares, Lindman Innovation Growth Private Equity Joint Venture for 345,423 shares, and Lindman Asia Fund No.

16 for 276,338 shares. The shares carry rate of interest of 10% per annum. The shares to be issued shall have a hold period of 1 year from the closing of the transaction.

The repayment period is from April 25, 2025 to October 24, 2032. The shares are convertible into 690,845 shares of the company from January 25, 2023 to October 24, 2032. The transaction is expected to close on October 24, 2022.

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