Seoul Electronics & Telecom Co., Ltd. announced a private placement of 9th bearer type private placement bonds for gross proceeds of KRW 25,000,000,000 on April 18, 2022. The bonds carry zero coupon rate. The bonds will be 100% convertible into 582,099 common shares of the company at fixed conversion price of KRW 42,948 per share from May 20, 2022, to March 20, 2027.

The maturity date of the bonds is April 20, 2027. The subscription and payment date are April 20, 2022. The bonds are subject to a hold period of one year from the date of issue.

The round will include participation from Hanyang Securities Co., Ltd., Investment Arm for KRW 5,500,000,000, KB Securities Co., Ltd., Investment Arm for KRW 2,000,000,000, NH Investment & Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, NH Absolute Return General Private Equity Trust No. 1, NH Absolute Mezzanine General Private Equity Trust No. 2 and NH Absolute KOSDAQ Venture Mezzanine Professional Investment Private Equity Trust No.

1, funds managed by NH Hedge Co., Ltd. for KRW 4,000,000,000, Time Folio It's Time-MG 2nd General Private Equity Trust and Time Folio It's Time-Mezzanine I General Private Equity Trust, funds managed by Timefolio Asset Management Co.,Ltd for KRW 3,000,000,000, Solon New Technology Fund No.10 for KRW 1,500,000,000, BJ Ventures Co., Ltd. for KRW 1,000,000,000, Shinhan Time Mezzanine Blind New Technology Fund for KRW 2,000,000,000, JB Mezzanine New Technology Business Fund No. 1 for KRW 2,000,000,000 and IBK Securities Co. Ltd., Investment Arm for KRW 1,000,000,000.

The transaction was approved by the board of directors of the company.