Naintech CO.,LTD announced that it expects to receive KRW 10 billion in funding from Ace Susung New Technology Fund 15 and other investors

Naintech CO.,LTD announced a private placement of series 3 non-guaranteed private equity convertible bonds with bearer type interest part for a gross proceeds of KRW 10,000,000,000 on February 24, 2022. The transaction will include participation from Suseong Fund 1 for KRW 800,000,000, Suseong Fund 2 for KRW 800,000,000, Suseong Fund 3 for KRW 400,000,000, ASEM Fund 1 for KRW 400,000,000, ASEM Fund 2 for KRW 350,000,000, ASEM Fund 3 for KRW 250,000,000, JC Fund 1,2,3 for KRW 2,000,000,000, DS Design.II general private equity trust for KRW 1,000,000,000, Queen's Guard TowerBridge KOSDAQ Venture General Private Equity Trust No. 1 for KRW 2,000,000,000, No.

1 trust company in Aha Public Offering Co., Ltd. KOSDAQ Venture Specialized Investment Criminal Equity Investment Trust for KRW 1,000,000,000, Ace Susung New Technology Fund 15 for KRW 1,000,000,000. The bonds will mature on February 28, 2027. The bonds will be 100% converted into 2,707,093 common shares at a fixed conversion price of KRW 3,694 per share for an equity stake of 6.87%.

The conversion period is from February 28, 2023 to January 28, 2027. The payment date of the transaction is February 28, 2022. The transaction has been approved by the board of directors of the company.