Sambo Motors Co., Ltd announced a private placement of round 14 non-guaranteed private convertible bonds with bearer interest of KRW 35,000,000,000 on May 25, 2023. The transaction will include participation from new funds 1 and 9, managed by new investor, Korea Investment & Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, new funds 2 to 5, 10 to 13 managed by new investor, KB Securities Co., Ltd., Investment Arm for KRW 4,900,000,000, new funds 6,7 and 8, managed by Mirae Asset Securities Co. Ltd. for KRW 2,100,000,000, new funds 14 and 15, managed by Samsung Securities Co.

Ltd., Investment Arm, new fund 16, 17, 18, 19, 20, 21, 22, 23 managed by NH Investment & Securities Co., Ltd., Investment Arm, eBest Investment Securities Co., Ltd. for KRW, Investment Arm for KRW 3,000,000,000, Kiwoom Securities Co., Ltd., Investment Arm for KRW 5,000,000,000, Shinhan Financial Investment Co., Ltd., Investment Arm for KRW 2,000,000,000, KB-Suseong No. 1 New Technology Business Investment Association for KRW 2,000,000,000, Shinhan Bank for KRW 2,000,000,000, Pos International Co.,Ltd. for KRW 1,000,000,000, Mezzanine Growth New Technology Investment Fund Joint General Partner and individual investor, Shim, Hee-jung. The bonds will mature on May 30, 2028.

The bonds will be 100% convertible into 5,336,992 common shares of the company, representing 19.63% of the total number of shares at a fixed conversion price of KRW 6,558 per share. The conversion period is from May 30, 2024 to April 30, 2028. The transaction has a subscription date of May 30, 2023, and payment date of May 30, 2023.

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