Creative & Innovative System Corporation announced a private placement of series 4 unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 45,000,000,000 on July 26, 2021. The transaction will include participation from Shinhan Capital, Investment Arm for KRW 2,500,000,000, IBK Capital Corporation for KRW 3,000,000,000, Han Kook Capital Co., Ltd. for KRW 2,000,000,000, Samsung Securities Co. Ltd., Investment Arm for KRW 5,000,000,000. NH Absolute Return Hedge Fund for KRW 1,000,000,000, NH Absolute Mezzanine Hedge Fund 2 for KRW 500,000,000, BufferedBottomOpenTop Mezzanine Hedge Fund 1 for KRW 5,000,000,000, Brain Small and Medium Business Association Mezzanine Hedge Fund for KRW 3,000,000,000, Paros KOSDAQ Venture Hedge Fund 2 for KRW 1,000,000,000, Shinhan New Deal Hedge Fund 1 for KRW 1,500,000,000, A One Fund 1 for KRW 400,000,000, A One Fund 2 for KRW 200,000,000 A One Fund 3 for KRW 1,400,000,000, GVA Coven-Red Hedge Fund, GVA Coven-E Hedge Fund for KRW 2,000,000,000, NH Investment & Securities Co., Ltd., Investment Arm for KRW 1,500,000,000, Moorim Capital Co., Ltd., Investment Arm for KRW 1,000,000,000, Hanwha Investment&Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, SK Securities Co., Ltd., Investment Arm for KRW 2,000,000,000, Mirae Asset Capital Co,Ltd., Investment Arm for KRW 3,000,000,000, Cornerstone Investment Partners Co., Ltd. for KRW 1,000,000,000. SUSUNG ASSET MANAGEMENT Co., Ltd. for KRW 1,000,000,000, Shinhan Investment Corp., Investment Arm for KRW 3,000,000,000, BNK Securities Co., Ltd., Investment Arm, DB Financial Investment Co.,Ltd., Investment Arm, and eBest Investment Securities Co., Ltd., Investment Arm for KRW 1,000,000,000 each

The bonds bear no coupon rate and will mature on July 30, 2026. The bonds are 100% convertible into 3,674,945 shares representing 6.39% stake at a conversion price of KRW 12,245 per share from July 30, 2022 to July 29, 2026. The transaction has been approved by the board of directors of the company. The subscription date and payment date of the transaction is July 28, 2021 and July 30, 2021, respectively.