Curacle Co., Ltd. announced a private placement to issue Series 1 Non-Guaranteed Private Placement Convertible bond for the gross proceeds of KRW 20,000,000,000 on June 26, 2023. The transaction will include participation from new investors Hana Investment Banking & Securities Inc. for KRW 3,000,000,000, Hanyang Securities Co. Ltd. for KRW 3,000,000,000, Hanwha Investment & Securities Co., Ltd. for KRW 1,000,000,000, Ace Welcome New Technology Investment Fund 2 for KRW 1,000,000,000, Momens Solution Co., Ltd. for KRW 300,000,000, Korea Investment & Securities Co., Ltd. in the position of trustee of Fund 1 for KRW 2,000,000,000, Korea Investment & Securities Co., Ltd. in the position of trustee of Fund 2~3 for KRW 1,000,000,000, Korea Investment & Securities Co., Ltd. in the position of trustee of Fund 11 for KRW 500,000,000, Korea Investment & Securities Co., Ltd. in the position of a trust investor in the Fund 13 for KRW 500,000,000, KB Securities Co., Ltd in the position of trustee of the Fund 4 for KRW 1,000,000,000, KB Securities Co., Ltd in the position of trustee of the Fund 21 for KRW 300,000,000, KB Securities Co., Ltd in the position of trustee of the Fund 21 for KRW 500,000,000, NH Investment & Securities Co., Ltd in the status of a trust investor in the Fund 14 for KRW 500,000,000, NH Investment & Securities Co., Ltd in the position of trustee of the Fund 15 for KRW 500,000,000, NH Investment & Securities Co., Ltd in the position of trustee of the Fund 18 for KRW 300,000,000, NH Investment & Securities Co., Ltd in the position of trustee of the Fund 19 for KRW 300,000,000, NH Investment & Securities Co., Ltd in the position of trustee of the Fund 20 for KRW 300,000,000, Mirae Asset Securities Co.

Ltd. in the position of trustee of Fund 16 for KRW 400,000,000 and Shinhan Bank in the position of trustee of Fund 17 for KRW 400,000,000. The transaction has been approved by the shareholders of the company and is expected to close on June 28, 2023. The bond bears zero coupon rate , 3% yield to maturity, matures in June 28, 2028 and 100% convertible into 1,892,684 common shares at a fixed conversion price of KRW 10,567 from June 28, 2024 to May 28, 2028.