Xperix Inc. announced a private placement of series 2 bearer-bearing non-guaranteed private placement non-separable bonds with warrants for the gross proceeds of KRW 11,600,000,000 and series 3 bearer interest, non-guaranteed, private placement, non-separable type bonds with warrants for a gross proceeds of KRW 8,000,000,000; for aggregate total gross proceeds of KRW 19,600,000,000 on February 26, 2024. The transaction will include participation from new investors Queen's Guard KOSDAQ Venture General Private Investment Trust No. for KRW 62,500,000,000; Queen's Guard KOSDAQ Venture General Private Investment Trust No. for KRW 72,000,000,000; Skywalk Beta-K KOSDAQ Venture General Private Investment Trust No. 2 for KRW 1,000,000,000; Selenian KOSDAQ Venture General Private Investment Trust No. 2 for KRW 1,000,000,000; and Atman KOSDAQ Venture General Private Investment Trust No. for KRW 51,500,000,000. The bonds have yield to maturity of 2%. The bonds will mature on February 28, 2027. The bonds will be 100% converted into 1,398,356 common shares at a fixed conversion price of KRW 5,721 per share for an equity stake of 5.78%. The conversion period is from February 28, 2025 to January 28, 2027. The payment date of the transaction is February 28, 2024. 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.

For Series 2 bonds - The bonds carry coupon rate of 0% and maturity rate of 3% and will mature on February 28, 2027. The bonds are fully convertible into 2,027,617 common shares at a conversion value of KRW 5,721 per share from February 28, 2025 to January 28, 2027. The transaction is expected to close on February 28, 2024. The bonds are restricted to a hold period of 1 year. The transaction will include participation from new investors NH Investment & Securities Co., Ltd. for KRW 3,000,000,000 , Korea Investment & Securities Co., Ltd. for KRW 1,600,000,000, KB Securities Co., Ltd. for KRW 4,500,000,000 and Shinhan Bank Co., Ltd. for KRW 2,500,000,000.