UTI Inc. announced a private placement to issue 88,078 Nominated Non-Voting Convertible Preferred Stock at an issue price of KRW 30,654 per share for the gross proceeds of KRW 2,699,943,012 on June 26, 2024. The transaction will include participation from returning investors Mirae Asset Securities Co., Ltd. (in the fiduciary position of Fund 1) 21,204 shares, Mirae Asset Securities Co., Ltd. (in the fiduciary position of Fund 2) 35,884 shares, Mirae Asset Securities Co., Ltd. (in the fiduciary position of Fund 3) 16,311 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 4) 4,893 shares and NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 5) 9,786 shares. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on July 5, 2024.

The shares are 100% convertible into 88,078 common share at a fixed conversion price of KRW 30,654 from July 5, 202t to June 5, 2029. The shares will mature on July 5, 2029.