Namu Tech Co.,Ltd. announced a private placement of series 7 bearer type non-guaranteed private placement bonds with warrants for gross proceeds of KRW 10,000,000,000 on August 16, 2023. The transaction will include participation from A1 Convertible Mezzanine General Private Securities Investment Trust for KRW 200,000,000; Aone Value Up KOSDAQ Venture General Private Investment Trust No. 2 for KRW 200,000,000; A1 Mezzanine Balance Up General Private Investment Trust No.

2 for KRW 300,000,000; A-One Mezzanine Plus General Private Investment Trust No. 2 for KRW 600,000,000; Aone Prime KOSDAQ Venture General Private Investment Trust for KRW 1,500,000,000; A One Stable Mezzanine General Private Investment Trust for KRW 200,000,000; A-One Grace Mezzanine General Private Investment Trust No. 2 for KRW 150,000,000; A1 Mezzanine KOSDAQ Venture General Private Investment Trust for KRW 200,000,000; Aone Bright Mezzanine General Private Investment Trust No.

2 for KRW 50,000,000; Aone The banks 1 general private equity investment trust for KRW 600,000,000; Focus Super Rich General Private Investment Trust No. 7 for KRW 400,000,000; Focus LUX-Mezzanine General (Professional Investor) Private Securities Investment Trust No. 1 for KRW 100,000,000; Focus The banks1 General (Professional Investor) Private Securities Investment Trust No.

1 for KRW 400,000,000; Focus Unicorn KOSDAQ Venture General Private Investment Trust No. 2 for KRW 100,000,000; Focus Champion General Private Investment Trust No. 2 for KRW 600,000,000; Focus Golden Plus KOSDAQ Venture General Private Investment Trust No.

2 for KRW 200,000,000; Focus Pacific KOSDAQ Venture General (Professional Investor) Private Investment Trust No. 2 for KRW 100,000,000; Focus Alliance General Private Investment Trust No. 1 for KRW 100,000,000; Orion Luxury KOSDAQ Venture General Private Investment Trust No.

72 for KRW 300,000,000; Orion Luxury KOSDAQ Venture General Private Investment Trust No. 76 for KRW 300,000,000; Orion Luxury KOSDAQ Venture General Private Investment Trust No. 82 for KRW 500,000,000; Orion Luxury KOSDAQ Venture General Private Investment Trust No.

80 for KRW 900,000,000; NH Absolute Return General Private Investment Trust No. 1 for KRW 1,400,000,000; NH Absolute Mezzanine General Private Investment Trust No. 4 for KRW 600,000,000.

The bonds have yield to maturity of 2%. The bonds will mature on August 24, 2028. The bonds will be 100% converted into 3,680,529 common shares at a fixed conversion price of KRW 2,717 per share for an equity stake of 10.6%.

The conversion period is from August 24, 2024 to July 24, 2028. The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.