Next Entertainment World Co., Ltd. announced a private placement of series 4 unregistered coupon unguaranteed private convertible bond for gross proceeds of KRW 25,000,000,000 on March 17, 2023. Korea Investment & Securities Co., Ltd. for KRW 3,000,000,000, A-One KOSDAQ Venture General Private Equity Investment Trust No. 2, A1 Prime Mezzanine General Private Equity Investment Trust No.

2, A1 Rainbow Mezzanine General Private Equity Investment Trusts, A1 Mezzanine Alpha KOSDAQ Venture General Private Equity Investment Trust No. 2, A1 Smart KOSDAQ Venture General Private Equity Investment Trust No. 2, A1 Mezzanine KOSDAQ Venture General Private Equity Investment Trust, a fund managed by NH Investment & Securities Co., Ltd. for KRW 3,150,000,000, A1 Convertible Mezzanine General Private Equity Investment Trust, A1 Value Up KOSDAQ Venture General Private Equity Investment Trust No.

2 a fund managed by KRW 600,000,000, A1 Grace Mezzanine General Private Equity Investment Trust No. 2, fund managed by KB Securities Co., Ltd. for KRW 150,000,000, Brain Growth Company Buffered Bottom Open Top Mezzanine General Private Equity Investment Trust No. 2, fund managed by Samsung Securities Co., Ltd. for KRW 2,000,000,000, NH Absolute Triton General Private Equity Investment Trust No.

1, a fund managed by Samsung Securities Co., Ltd. for KRW 1,000,000,000, NH Absolute Mezzanine General Private Equity Investment Trust No. 3, a fund managed by Samsung Securities Co., Ltd. for KRW 1,000,000,000, C Square The banks4 general private equity investment trust, a fund managed by Samsung Securities Co., Ltd for KRW 1,000,000,000, C Square Mezzanine Challenge and Audit General Private Equity Investment Trust No. 1, a fund managed by Mirae Asset Securities Co., Ltd. for KRW 500,000,000, Atman KOSDAQ Venture General Private Equity Investment Trust No.

2, a fund managed by Korea Investment & Securities Co., Ltd. for KRW 500,000,000, Lee Hyun Value Stock General Private Securities Investment Trust No. 1, a fund managed by Korea Investment & Securities Co., Ltd for KRW 500,000,000, Focus Unicorn KOSDAQ Venture General Private Equity Investment Trust No. 2, Focus Golden Plus KOSDAQ Venture General Private Equity Fund No.

2, Focus Pacific KOSDAQ Venture General (Professional Investor) Private Equity Investment Trust No. 2, Focus Champion General Private Equity Trust No. 2, Focus Step-up KOSDAQ Venture General Private Equity Trust No.

2 fund managed by s KB Securities Co., Ltd for KRW 2,400,000,000, Focus Super Rich General Private Equity Trust No. 7, Focus LUX-Mezzanine General (Professional Investor) Private Equity Investment Trust No. 1 a fund managed by Mirae Asset Securities Co., Ltd. for KRW 1,600,000,000, Orion Mezzanine MultiStrategy Private Equity Fund No.

1, a fund managed by KRW 300,000,000 , Orion Luxury KOSDAQ Venture General Private Equity Trust No. 72 Orion Luxury KOSDAQ Venture General Private Equity Trust No. 76 a fund managed by NH Investment & Securities Co., Ltd for KRW 700,000,000, A1 Bright Mezzanine General Private Equity Investment Trust No.

2, a fund managed by Korea Investment & Securities Co., Ltd for KRW 100,000,000, NH Investment & Securities Co., Ltd. for KRW 2,000,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 3,000,000,000, and NH Investment & Securities Co., Ltd for KRW 1,000,000,000. The zero coupon bonds have a yield to maturity rate of 2.5% and will mature on March 21, 2027. The bonds will be fully convertible into 3,448,275 common shares at an issue conversion price of KRW 7,250 between the period starting from March 21, 2024 and ending on February 21, 2027.

The securities have a hold period of one year from the date of issuance. The transaction has been approved by board of directors of the company. The expected date of payment is March 21, 2023.