Interojo Inc. announced that it will issue Series 3 bearer type unsecured privately placed exchangeable bonds for gross proceeds of KRW 12,000,000,000 on May 17, 2023. The transaction will include participation from new investor Shinhan Investment & Securities Co., Ltd., investment arm for KRW 5,000,000,000 and NH Absolute Return General Private Equity Trust No. 1, NH Absolute Mezzanine General Private Equity Trust No.

3, NH Absolute Mezzanine General Private Equity Trust No. 4, funds mutually managed by KRW 7,000,000,000 from new investor Samsung Securities Co., Ltd. The transaction has been approved by the board of directors of the company. The transaction is expected to close on May 22, 2023.

The notes will bear interest rate of 0% and interest rate of maturity 0%. The notes will mature on May 19, 2026. The notes are convertible into 300,000 number of shares of the company at a conversion price of KRW 40,000.