SIMMTECH Co., Ltd announces private placement of Series 4 Bearer-bearing interest-bearing, unsecured private placement convertible bonds for a proceeds of KRW 100,000,000,000 on March 8, 2024. The bonds bear interest rate of 0% and will mature on March 12, 2029. The bonds will be convertible 3,302,946 shares at an conversion price of KRW 30,276 per share from March 12, 2025 to February 12, 2029.

The transaction is expected to close on March 12, 2024. The transaction will include participation from KB-NON Green ESG New Technology Business Fund for 7,000,000,000 proceeds , KDB Capital Corp. for KRW 5,500,000,000 proceeds, Wonsinhan Mezzanine No.

1 New Technology Business Fund for KRW 5,000,000,000 proceeds , Meritz-SK New Technology Finance Association No. 1 for KRW 5,000,000,000 proceeds, 2023 Shinhan-JB Woori-Daishin listed company Mezzanine New Technology Fund for KRW 5,000,000,000 proceeds, EBEST Investment & Securities Co., Ltd. for KRW 4,500,000,000 proceeds, Shinhan Capital Co., Ltd. for KRW 4,500,000,000 proceeds, Lindeman Innovation Growth Private Equity Fund for KRW 3,000,000,000 proceeds, Samsung Securities Co., Ltd. for KRW 9,500,000,000 proceeds, JB Mezzanine New Technology Business Fund No. 2 for KRW 3,000,000,000 proceeds, Kiwoom Securities Co., Ltd. for KRW 3,000,000,000 proceeds, Shinhan Investment & Securities Co., Ltd. for KRW 2,500,000,000 proceeds, NH Investment & Securities Co., Ltd. for KRW 5,500,000,000 proceeds, Kiwoom-DS Mezzanine Blind New Technology Fund for KRW 2,000,000,000 proceeds, Yuanta Securities Co., Ltd. for KRW 2,000,000,000 proceeds, Mirae Asset Securities Co., Ltd. for KRW 10,700,000,000 proceeds, KB Securities Co., Ltd. for KRW 15,800,000,000 proceeds, IBC Investment & Securities Co., Ltd. for for KRW 2,000,000,000 proceeds and Hana Bank Co., Ltd for KRW 3,000,000,000 proceeds.