Sejong Medical Co., Ltd. announced a private placement to issue 2% Series 10 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds due June 14, 2029 for the gross proceeds of KRW 2,000,000,000 and Zero Coupon Series 11 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds due June 14, 2029 for the gross proceeds of KRW 4,000,000,000; aggregate gross proceeds of KRW 6,000,000,000 on June 14, 2024. The transaction included participation from returning investor CANARIABIO M Inc. The bonds are 100% convertible into 20,000,000 common shares at a fixed conversion price of KRW 100 from June 14, 2025 to May 15, 2029. The bonds bear 2% coupon rate, 3% maturity rate and matures on June 14, 2029. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 14, 2024.

Series 11 bonds - The transaction included participation from returning investor CANARIABIO M Inc. The bonds bear zero coupon rate, zero maturity rate and matures on June 14, 2029. The bonds are 100% convertible into 40,000,000 shares at a fixed conversion price of KRW 100 from June 14, 2025 to May 15, 2029. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 14, 2024.