Moadata Co., Ltd. announced a private placement of series 6 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 10,000,000,000 on July 6, 2022. The transaction will include participation from Shinhan Financial Investment Co., Ltd. for 2,000,000,000 bonds, Soosung KOSDAQ Venture B7 General Private Equity Trust from KB Securities Co., Ltd. for 500,000,000 bonds, LD-Soosung PreIPO Mezzanine New Technology Business Fund No. 1 for 500,000,000 bonds, NH Absolute Return General Private Equity Trust No.

1 from Samsung Securities Co., Ltd. for 300,000,000 and other investors. The bonds have surface interest rate of 0% and maturity rate of 0%. The bonds will mature on July 15, 2027.

The bonds are convertible into 533,333 shares equal to 9.87% stake in the company at a conversion value of KRW 18,750 from July 15, 2023 to June 15, 2027. The payment date of transaction is July 15, 2022. The transaction has been approved by the board of directors.

The securities carry a hold period of one year.