T Scientific Co.,Ltd. announced a private placement to issue Series 18 Bearer-Type Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 5,000,000,000 on January 22, 2024. The transaction will include participation from new investor, FSN Co., Ltd. The bonds are 100% convertible into 3,030,303 shares at a conversion price of KRW 1,650 in a period starting from January 23, 2025 and ending on December 23, 2028. The maturity date of the bonds is January 23, 2029.

The transaction is expected to close on January 23, 2024. The transaction has been approved by the board of directors of the company. The securities are restricted to a hold period of one year.