Dream Security co., Ltd. announced a private placement to issue Series 3 Bearer Private Placement Convertible Bonds for the gross proceeds of KRW 10,000,000,000 on April 3, 2024. The transaction will include participation from new investors Shinyoung Securities Co., Ltd. for KRW 3,000,000,000, KB Securities Co., Ltd. (in the fiduciary position of "Fund 1") for KRW 1,000,000,000, NH Investment & Securities Co., Ltd (in the fiduciary position of "Fund 2") for KRW 1,000,000,000, KB Securities Co., Ltd (from the fiduciary position of "Fund 3") for KRW 1,000,000,000, Mirae Asset Securities Co., Ltd (from the fiduciary position of "Fund 4") for KRW 1,000,000,000, KB Securities Co., Ltd (in the fiduciary position of "Fund 5") for KRW 1,000,000,000, Samsung Securities Co., Ltd ("Fund 6" in trustee status) for KRW 1,000,000,000, Samsung Securities Co., Ltd ("Fund 7" in trustee status) for KRW 1,000,000,000. The bonds bears zero maturity rate and zero coupon rate and matures on April 5, 2027.

The bonds are 100% convertible into 2,712,967 shares at a conversion price of KRW 3,686 from April 5, 2025 to March 5, 2027. The transaction has been approved by the shareholders, restricted to a hold period and is expected to close on April 5, 2024.