GeneOne Life Science Inc. announced a private placement of 5th unregistered unguaranteed coupon private convertible bonds for gross proceeds of KRW 11,700,000,000 on April 13, 2022. The bonds will mature on April 15, 2025, carry a fixed annual coupon of 1% and yield to maturity of 3%. The bonds will be convertible into 839,612 common shares of the company at a rate of 100% and at a fixed conversion price of KRW 13,935 per share for a conversion period starting from April 15, 2023 to March 15, 2025.

The bonds will be issued at par. The transaction will include participation from ASEM KOSDAQ Venture Plus General Private Equity Trust No. 6 for KRW 150,000,000, Asam KOSDAQ Venture Plus General Private Equity Trust No.

7 for KRW 380,000,000, Asam Deun KOSDAQ Venture General Private Equity Trust No. 1 for KRW 480,000,000, Asem Deun KOSDAQ Venture General Private Equity Trust No.2 for KRW 1,100,000,000, Asam Duron KOSDAQ Venture General Private Equity Trust No. 2 for KRW 1,610,000,000, Asam Duron KOSDAQ Venture General Private Equity Trust No.

3 for KRW 780,000,000, Orion Luxury KOSDAQ Venture Specialized Investment Private Equity Trust No. 43 for KRW 800,000,000, Orion Luxury KOSDAQ Venture Specialized Investment Private Equity Trust No. 51 for KRW 1,800,000,000, Orion Luxury KOSDAQ Venture Specialized Investment Private Equity Trust No.

58 for KRW 400,000,000, Orion Luxury KOSDAQ Venture General Private Equity Trust No. 65 for KRW 1,000,000,000, JC Asset KOSDAQ Venture Specialized Investment Criminal Equity Investment Trust No.2 for KRW 500,000,000, JC Asset KOSDAQ Venture General Private Equity Trust No.9 for KRW 500,000,000, JC Asset KOSDAQ Venture General Private Equity Trust No.11 for KRW 1,000,000,000, IBK Financial Group Synergy Ivy Business Reorganization New Technology Fund for KRW 1,000,000,000 and Oh, Jeon for KRW 200,000,000. The subscription date and payment date is April 15, 2022.

The transaction has been approved by board of directors of the company. The bonds are subject to a hold period of one year from the date of issue.