Rainbow Robotics Co.,Ltd. announced a private placement of 398,904 shares at an issue price of KRW 17,548 per share for gross proceeds of KRW 6,999,967,392 and series 1st unregistered nonguaranteed private placement convertible bonds for gross proceeds of KRW 18,000,000,000, for aggregate gross proceeds of KRW 24,999,967,392 on November 4, 2021. The bonds will mature on November 12, 2026, and are convertible into 921,328 common shares at a price of KRW 19,537 per share from November 12, 2022 to October 12, 2026. The bond transaction will include participation from Daishin New Technology Investment Union 9 for KRW 6,000,000,000, NH Investment & Securities Co., Ltd. for KRW 5,000,000,000, Shinhan Investment Corp.

for KRW 2,000,000,000, BNK Securities Co., Ltd. for KRW 2,000,000,000, Kiwoom Securities Co., Ltd. for KRW 1,000,000,000, Hanyang Securities Co. Ltd. for KRW 500,000,000, and Ace Wellix New Technology Investment Association 1 for KRW 500,000,000. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on November 12, 2021. The bonds issued are subject to restriction period of one year from issuance.