Wooyang Co., Ltd. announced a private placement of series 9 unregistered coupon unguaranteed private convertible bond for an aggregate gross proceeds of KRW 7,000,000,000 on October 6, 2022. The transaction will include participation from Shinhan Investment Corp., Investment Arm, GBA Mezz-A General Private Equity Trust, GBA Mezz-S General Private Equity Trust, GBA Mezz-H General Private Equity Trust, Suseong The banks 3 General Private Equity Trust, Focus Unicorn KOSDAQ Venture General Private Equity Trust No. 2, Focus Champion General Private Equity Trust No.

2, Focus Golden Plus KOSDAQ Venture General Private Equity Trust No. 2, Focus Super Rich General Private Equity Trust No. 7, NH Absolute Return General Private Equity Trust No.

1, NH Absolute KOSDAQ Venture Mezzanine Alpha General Private Equity Trust No. 1 and NH Absolute Mezzanine General Private Equity Trust No. 3. The series 9 bonds will mature on October 11, 2027.

The bonds are fully convertible into 2,342,704 common shares at a conversion price of KRW 2,988 per share and will be convertible between the period of October 11, 2023 and September 11, 2027. The subscription date and expected date of payment is October 11, 2022. The transaction has been approved by board of directors of the company.