IM Co.,Ltd announced a private placement of Series 8 Bearer Type Unsecured Privately Placed Convertible Bonds for gross proceeds of KRW 30,000,000,000 on September 19, 2022. The transaction include participation from Athens No. 1 Fund for KRW 6,000,000,000, Alt Asset No.

1 Fund for KRW 6,000,000,000, High Focus Investment Fund for KRW 6,000,000,000, JD No. 1 Fund for KRW 6,000,000,000, JD No. 2 Fund for 6,000,000,000.The bonds and will mature on February 28, 2026.

The bonds are convertible into 5,194,805 shares of the company at conversion price of KRW 5,575 per share from February 28, 2024, ending on January 28, 2026. The transaction has been approved by the board of directors of the company. The transaction is expected to close on February 28, 2023.

The securities issued are subjected to one year hold period. The bonds have a coupon rate of 5%.