Coreline Soft Co., Ltd. announced a private placement to issue Series 2 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 18,000,000,000 on April 2, 2024. The transaction will include participation from new investors Hanyang Securities Co. Ltd. for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. for KRW 1,000,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 3,000,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 1) for KRW 600,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 2) for KRW 900,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 3) for KRW 1,500,000,000, Smart Bio Healthcare BNH Fund 5 for KRW 3,000,000,000, AJU Good Venture Fund 2.0 for KRW 3,000,000,000, K2 Expedio Fund 2 for KRW 3,000,000,000 and NH SUSUNG No.

1 Mezzanine New Technology Investment Fund for KRW 1,000,000,000. The bonds bear zero coupon rate, 4% maturity rate and matures on April 4, 2029. The transaction has been approved by the shareholders and is expected to close on April 4, 2024 and restricted to a hold period.

The bonds are 100% convertible into 1,079,654 shares at a fixed conversion price of KRW 16,672 from April 4, 2025 to March 4, 2029.