IMAGIS Co., Ltd. announced a private placement of series 1 bearer-bearing interest-bearing, unsecured private placement convertible bonds for a gross proceeds of KRW 8,000,000,000 on August 2, 2023. The transaction will include participation from new investors Focus Unicorn KOSDAQ Venture General Private Investment Trust No. 2 for KRW 400,000,000; Focus Champion General Private Investment Trust No.

2 for KRW 500,000,000; Focus Golden Plus KOSDAQ Venture General Private Investment Trust No. 2 for KRW 200,000,000; Focus Pacific KOSDAQ Venture General (Professional Investor) Private Investment Trust No. 2 for KRW 100,000,000; Focus Alliance General Private Investment Trust No.

1 for KRW 100,000,000; Focus Super Rich General Private Investment Trust No. 7 for KRW 400,000,000; Focus LUX-Mezzanine General (Professional Investor) Private Securities Investment Trust No. 1 for KRW 100,000,000; Focus The banks1 General (Professional Investor) Private Securities Investment Trust No.

1 for KRW 200,000,000; Orion Mezzanine Multi-Strategy Professional Investment Type Private Investment Trust No. 1 for KRW 200,000,000; Orion Luxury KOSDAQ Venture General Private Investment Trust No. 67 for KRW 400,000,000; Orion Luxury KOSDAQ Venture General Private Investment Trust No.

53 for KRW 600,000,000; Orion Luxury KOSDAQ Venture General Private Investment Trust No. 82 for KRW 300,000,000; Paros KOSDAQ Venture General Private Securities Investment Trust No. 3 for KRW 500,000,000; Paros KOSDAQ Venture General Private Investment Trust No.

4 for KRW 500,000,000; Suseong KOSDAQ Venture R2 General Private Investment Trust (Profit and Loss Differential) for KRW 1,000,000,000; Suseong KOSDAQ Venture R1 General Private Investment Trust for KRW 500,000,000; NH Absolute Return General Private Investment Trust No. 1 for KRW 1,000,000,000; NH Absolute Mezzanine General Private Investment Trust No. 4 for KRW 500,000,000; and CS Advisors Co., Ltd. for KRW 500,000,000.

The bonds will mature on August 4, 2028. The bonds will be 100% converted into 2,628,120 common shares at a fixed conversion price of KRW 3,044 per share for an equity stake of 14.46%. The conversion period is from August 4, 2024 to July 4, 2028.

The securities issued in the transaction are subject to a lock up period of one year. The transaction has been approved by the board of directors of the company.