LTC Co.,Ltd. announced a private placement of series 3 unregistered non-guaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 and round 4 unregistered coupon nonguaranteed undetachable private convertible bond for gross proceeds of KRW 10,000,000,000 and aggregate gross proceeds of KRW 20,000,000,000 on February 17, 2022. The bonds will be issued at par. The series 3 boods offering will include participation from Hanyang Securities Co.

Ltd. for KRW 1,000,000,000, SUSUNG KOSDAQ Venture Project B10 General Private Equity Trust for KRW 300,000,000, SUSUNG KOSDAQ Venture B9 General Private Equity Trust for KRW 500,000,000, SUSUNG KOSDAQ Venture B8 General Private Equity Trust for KRW 700,000,000, SUSUNG KOSDAQ Venture B11 General Private Equity Trust for KRW 500,000,000, SUSUNG KOSDAQ Venture T1 General Private Equity Trust (Professional Investor) for KRW 1,000,000,000, Shinyoung Planup KOSDAQ Venture Public Offering (SUSUNG Advisory) Hedge Fund for KRW 1,000,000,000, existing investor SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 4,000,000,000 and Ace Susung New Technology Fund 15 for KRW 1,000,000,000. The zero-coupon bonds will mature on February 21, 2025. The series 3 and series 4 bonds are convertible into 716,537 common shares each at a fixed conversion price of KRW 13,956 per share from February 21, 2023 to January 21, 2025.

The date of subscription and expected date of payment is February 21, 2022. The transaction is approved by the board of directors of the company. The securities are subject to a hold period of one year from the date of issue.