Seojin Automotive Co.,Ltd. announced a private placement of series 8 of Non-guaranteed private placement convertible bonds for gross proceeds of KRW 10,000,000,000 on April 27, 2022. The transaction will include participation from A-One Mezzanine Step-up Specialized Investment Detective Private Equity Trust, A-One Master Mezzanine Specialized Investment Criminal Capital Investment Trust, A-One Signature Mezzanine Specialized Investment Criminal Capital Investment Trust, C-Square The banks 3 from the position of trustee of general private equity investment trust, a fund managed by NH Investment & Securities Co., Ltd., A-One Grace Mezzanine Specialized Investment Criminal Capital Investment Trust, Focus SY Castle KOSDAQ Venture General Private Equity Trust No. 1 in the position of trustee, Focus Expert KOSDAQ Venture General Private Equity Trust No.

1 in the position of trustee, Focus Super Rich KOSDAQ Venture General Private Equity Trust No. 6 in the trust business position, GBA The banks 3 general private equity trust (professional investor, a fund managed by KB Securities Co., Ltd, SUSUNG ASSET MANAGEMENT Co., Ltd., In the trust business position of NH Absolute Return General Private Equity Trust No. 1, NH Absolute KOSDAQ Venture Mezzanine Specialized Private Equity Trust No.

1, NH Absolute KOSDAQ Venture Mezzanine Alpha General Private Equity Trust No. 1, a fund managed by Samsung Securities Co., Ltd. The bonds will carry no interest rate and will mature on April 29, 2027. The bonds are 100% convertible into 2,966,478 shares at an conversion price of KRW 3,371 per share.

The share are convertible from April 29, 2023 and will end on March 29, 2027. The transaction is expected to close on April 29, 2022. The transaction was approved by the board of directors of the company.