Soosung Salvacion co., Ltd. announced a private placement of series 22 unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 5,200,000,000 on June 1, 2023. The transaction will include participation from new investors, Baro New Technology Investment Fund 4 for KRW 3,000,000,000 and Almers Growth Support Investment Fund 2 for KRW 2,200,000,000. The bonds have a coupon rate of 2% and yield to maturity rate of 5% maturing on June 26, 2026. The bonds will be fully convertible into 5,573,419 common shares at an issue conversion price of KRW 933 per share between the period starting from June 26, 2024 and ending on May 26, 2026. The transaction has been approved by board of directors of the company. The expected date of payment is June 26, 2023. The securities have a hold period of one year from the date of issuance.

On the same date, the company announced a private placement of series 23 unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 15,000,000,000 on June 1, 2023. The transaction will include participation from new investors, Aston River 5 for KRW 13,000,000,000 and 2022 Almers Secondary Investment Fund for KRW 2,000,000,000. The bonds have a coupon rate of 3% and yield to maturity rate of 9.50% maturing on June 26, 2026. The bonds will be fully convertible into 16,077,170 common shares at an issue conversion price of KRW 933 per share between the period starting from June 26, 2024 and ending on May 26, 2026. The transaction has been approved by board of directors of the company. The expected date of payment is June 26, 2023. The securities have a hold period of one year from the date of issuance.

On the same date, the company announced that it will issue 18,072,289 common shares at an issue price of KRW 830 per share for the gross proceeds of KRW 14,999,999,870. The transaction will include participation from returning investorToomics Holdings Inc. for 18,072,289 shares. The transaction of common shares is expected to close on July 31, 2023. The transaction has been approved by the shareholders of the company. The shares are restricted to a hold period of one year.

On the same date, the company announced a private placement of series 25 unsecured privately placed convertible bonds with bearer interest for gross proceeds of KRW 4,000,000,000 on June 1, 2023. The transaction will include the participation from new investors, Toomics Holdings Inc for 4,000,000,000. The bonds have a coupon rate and yield to maturity rate is 0% maturing on July 28, 2026. The bonds will be fully convertible into 4,287,254 common shares at an issue conversion price of KRW 933 per share between the period starting from July 28, 2024 and ending on June 28, 2026. The transaction has been approved by board of directors of the company. The expected date of payment is July 28, 2023. The securities have a hold period of one year from the date of issuance.