TS Trillion Co., Ltd. announced a private placement to issue 31,298,904 common shares at an issue price of KRW 639 per share for the gross proceeds of KRW 19,999,999,656 and Series 3 bonds for the gross proceeds of KRW 20,000,000,000; aggregate gross proceeds of KRW 39,999,999,656 on June 20, 2023. The transaction will include participation from new investor JU Holdings for 31,298,904 shares and Innovation Bio No. 1 Association for KRW 20,000,000,000. The transaction has been approved by the shareholders of the company and is expected to close on September 7, 2023. The shares are restricted to a hold period of one year.

Series 3 Bonds - The transaction will include participation from new investor Innovation Bio No. 1 Association for KRW 20,000,000,000. The bond bears zero coupon rate and 3% maturity rate and will mature on September 7, 2026. the bonds are 100% convertible into 27,322,404 common shares at a fixed conversion price of KRW 732 from September 7, 2024 to August 7, 2026. The bonds are restricted to a hold period of one year and is expected to close on September 7, 2023.