Moadata Co., Ltd. announced a private placement to issue Series 8 Bearer-Bearing Non-Guaranteed Private Placement Non-Separable Bonds with Warrants for the gross proceeds of KRW 10,000,000,000 on January 15, 2024. The transaction will include participation from new and returning investors NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 1) for KRW 900,000,000, Samsung Securities Co., Ltd. (In the fiduciary position of Fund 2) for KRW 2,100,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Funds 3, 4 and 5) for KRW 2,000,000,000, Mirae Asset Securities Co., Ltd.(In the fiduciary position of Fund 6) for KRW 800,000,000, KB Securities Co., Ltd. (In the position of trustee of Fund 7) for KRW 200,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Funds 8 and 9) for KRW 1,000,000,000, Korea Investment & Securities Co., Ltd. (In the position of trustee of Fund 10) for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 11) for KRW 500,000,000, Korea Investment & Securities Co., Ltd. (In the fiduciary position of Fund 12) for KRW 500,000,000, Mirae Asset Securities Co., Ltd. (In the position of trustee of Fund 13) for KRW 500,000,000, KB Securities Co., Ltd. (In the position of trustee of Fund14) for KRW 300,000,000, and NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 15) for KRW 200,000,000. The bonds are 100% convertible into 3,979,307 shares at a fixed conversion conversion price of KRW 2,513 from January 17, 2025 to December 17, 2028.

The bonds bear 0% coupon rate and 3% maturity rate and matures on January 17, 2029. The transaction has been approved by the board of directors and is expected to close on January 17, 2024. The securities are restricted to a hold period of 1 year.