MEDICOX Co., Ltd. announced a private placement to issue Series 20 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 10,000,000,000 and 22,556,390 shares at an issue price of KRW 665 per share for the gross proceeds of KRW 14,999,999,350; aggregate gross proceeds of KRW 24,999,999,350 on March 7, 2024. The transaction will include participation from new investor Lean Energy Limited Partnership. The bonds are 100% convertible into 12,836,970 shares at a fixed conversion price of KRW 779 from April 30, 2025 to March 30, 2027. The bonds bear 1.5% coupon rate and 8% maturity rate and matures on April 30, 2027. The transaction has been approved by the shareholders of the company and is expected to close on April 30, 2024. The securities are restricted to a hold period.

Common Shares - The transaction will include participation from new investor Lean Energy Limited Partnership for 22,556,390 shares. the transaction has been approved by the shareholders of the company and is expected to close on April 30, 2024. The securities are restricted to a hold period of 1 year.