Gencurix Inc. (KOSDAQ:A229000) announced a private placement of series 5 no-warranty private convertible bonds for a gross proceeds of KRW 18,000,000,000 and 407,239 convertible preferred stock at issue price of KRW 22,100 per share for gross proceeds of KRW 8,999,981,900; for an aggregate gross proceeds of KRW 26,999,981,900 on May 31, 2021. The transaction will include participation for bonds from KB Securities Co., Ltd.(In the position of trustee of Suseong KOSDAQ Venture B3 Specialized Investment Criminal Equity Trust) for KRW 700,000,000 for bonds, KB Securities Co., Ltd.(In the position of trustee of Suseong KOSDAQ Venture B5 Specialized Investment Criminal Equity Investment Trust) for KRW 1,000,000,000 for bonds, Shinhan Financial Investment Co., Ltd.(In the position of trustee of Suseong KOSDAQ Venture B4 Specialized Investment Criminal Equity Trust) for KRW 800,000,000, Samsung Securities Co., Ltd.(Time folio KOSDAQ Venture Hedge-S No. 2 Professional Investment Criminal Investment Trust in the position of trustee) for KRW 500,000,000, Samsung Securities Co., Ltd.(Time folio The Venture-V No.

2 in the position of a trustee in a professional investment criminal private equity trust) for KRW 400,000,000, Samsung Securities Co., Ltd.(In the position of trustee of Time Folio Mezzanine Alpha Specialized Investment Criminal Equity Trust) for KRW 300,000,000, Industrial Bank of Korea(In the position of a trustee in a time folio innovative growth digital new deal-type private equity trust) for KRW 300,000,000, TG-BT Private Equity Joint Venture for KRW 9,000,000,000, NH-Aju Kosdaq Scale-Up Fund, a fund co-managed by NH Investment & Securities Co., Ltd., Investment Arm and Aju IB Investment Co., Ltd. (KOSDAQ:A027360) for KRW 2,000,000,000, Korea Investment & Securities Co., Ltd. for KRW 3,000,000,000. The transaction will include participation for convertible preferred shares from Susung KOSDAQ Venture B3 Hedge Fund for 31,674 shares, Susung KOSDAQ Venture B5 Hedge Fund for 45,249 shares, Susung KOSDAQ Venture B4 Hedge Fund for 36,199 shares, Time folio KOSDAQ Venture Hedge-S 2 Hedge Fund for 45,249 shares, Time folio The Venture-V 2 Hedge Fund for 36,199 shares, Time Folio Mezzanine Alpha Hedge Fund for 27,149 shares, a time folio innovative growth digital new deal-Hedge Fund for 27,149 shares, and NH-Ajou KOSDAQ Scale-up Fund for 158,371 shares. The preferred shares are convertible into 407,239 common shares of the company at conversion price of KRW 22,100 per share.

The conversion period will start from June 9, 2022 and ends on June 7, 2026. The preferred shares are cumulative. The preferred shares has a duration of 5 years from the date of issuance.

The bonds have a coupon rate of 1% and yield to maturity of 1%. The bonds will mature on June 8, 2026. The bonds will be 100% converted into 718,562 common shares at a fixed conversion price of KRW 25,050 per share for an equity stake of 11.11%.

The conversion period is from June 8, 2022 to May 8, 2026. The subscription date of the transaction is June 2, 2021 and the payment date of the transaction is June 8, 2021. The transaction has been approved by the board of directors of the company.