SPM Talos Co., Ltd. announced that it will issue 577,558 common shares at an issue price of KRW 12,120 per share for gross proceeds of KRW 7,000,002,960 on March 31, 2023. The transaction will include participation from new investor AJU Good Venture Fund 2.0, a fund managed by Aju IB Investment Co., Ltd. for 247,525 shares, Shinhan-I Square Venture Fund 1 for 140,264, I Square Chungcheong Angel Stepping Bridge Association No. 1 for 24,753 shares, Midas Donga-NVC 2022 Marine New Industry Fund for 82,508 shares and Midas Donga-NSC Fisheries Fund No.

2 for 82,508 shares. The transaction has been approved by the shareholders of the company and is expected to close on April 28, 2023. The shares are restricted to a hold period of one year.