Contec.,Co.Ltd announced a private placement to issue Zero Coupon Series 1 Bearer Interest Unsecured Private Placement Convertible Bonds due June 28, 2029 for KRW 30,000,000,000 on June 11, 2024. The transaction will include participation from new investors Shinhan Investment & Securities Co., Ltd. for KRW 3,000,000,000, Elohim - Bilanx Aerospace No.1 Fund for KRW 9,000,000,000, The Korea Securities Finance Corporation (in the fiduciary position of Funds 1, 2 and 3) for KRW 2,000,000,000, KB Securities Co., Ltd . (in the fiduciary position of Funds 4, 5 and 6) for KRW 3,500,000,000, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 7) for KRW 500,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Funds 8, 9, 10 and 11) for KRW 3,300,000,000, KB Securities Co., Ltd. (in the fiduciary position of Fund 12) for KRW 1,700,000,000, Samsung Securities Co., Ltd .

(in the fiduciary position of Funds 13, 14, 15, 16, 17, and 18)for KRW 6,000,000,000, Korea Investment & Securities Co., Ltd . (in the fiduciary position of Funds 19 and 20) for KRW 1,000,000,000. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 28, 2024.

The bonds are 100% convertible into 1,890,001 shares at a fixed conversion price of KRW 15,873 from June 28, 2025 to May 28, 2029. The bonds bear zero coupon rate, 2% maturity rate and matures on June 28, 2029.