WINPAC Inc. announced a private placement to issue 2% Series 2 Anonymous Interest-Bearing, Non-Guaranteed Private Placement Bonds With Warrants due August 2, 2028 for gross proceeds for KRW 4,000,000,000, Series 8 Bearer-bearing interest-bearing, unsecured private placement convertible bonds for the gross proceeds of KRW 12,000,000,000; aggregate gross proceeds of KRW 16,000,000,000 on July 31, 2023. The payment date for the transaction is August 2, 2023. The transaction has been approved by the board of directors of the company. The transaction will include participation from new investors NH Investment & Securities Co., Ltd. for KRW 1,250,000,000, KB Securities Co., Ltd. for KRW 100,000,000, Korea Investment & Securities Co., Ltd. for KRW 100,000,000, Samsung Securities Co., Ltd. for KRW 600,000,000, JB Woori Capital Co., Ltd for KRW 2,000,000,000. The bonds bears 2% coupon rate and 0% maturity rate and matures on August 2, 2028. the bonds are 100% convertible into 2,294,893 shares at a fixed conversion price of KRW 1,743 from August 2, 2024 to July 2, 2028. The shares restricted to a hold period of one year.

Series 8 Bonds - The transaction will include participation from new investors Samsung Securities Co., Ltd. (in the position of trust business operator for Funds 1 and 2) for KRW 3,000,000,000, Korea Investment & Securities Co., Ltd. (in the position of trustee of Fund 3) for KRW 3,000,000,000, Industrial Bank of Korea (in the position of trustee of Fund 4) for KRW 1,000,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 3,000,000,000 and Hi Investment & Securities Co., Ltd. for KRW 2,000,000,000. The bonds bears 2% coupon rate and 0% maturity rate and matures on August 2, 2028. the bonds are 100% convertible into 6,884,681 shares at a fixed conversion price of KRW 1,743 from August 2, 2024 to July 2, 2028. The shares restricted to a hold period of one year.