iWIN PLUS CO.,LTD. announced a private placement to issue Series 5 Bearer-Free Interest-Bearing Non-Guaranteed Private Placement Convertible Bond for the gross proceeds of KRW 4,000,000,000 on May 28, 2024. The transaction has been approved by shareholders and is expected to close June 5, 2024. The bonds will have a zero coupon rate and 5% maturity rate.

The bonds will be matured on June 5, 2027. The bonds will be convertible into 3,887,269 common shares at a price of KRW 1,029 per share. The transaction will include participation from new investors, Synergy IB Win-Win Innovation New Technology Investment Fund for KRW 2,200,000,000, Synergy IB Materials, Parts and Equipment No.

11 New Technology Investment Fund for KRW 1,500,000,000, Synergy Mezzanine Blind No. 10 New Technology Business Investment Fund for KRW 300,000,000.