Lotte Tour Development Co., Ltd. announced a private placement of series 10-1 unregistered privately placed convertible bonds for gross proceeds of KRW 16,300,000,000 and 10-2nd Bearer Private Placement Convertible Bonds for the gross proceeds of KRW 4,000,000,000; aggregate gross proceeds of KRW 20,300,000,000 on August 28, 2023. The transaction has been approved by the board of directors of the company. The transaction of series 10-2 bonds is expected to close on September 13, 2023.