UTI Inc. announced a private placement to issue 707,052 Registered Non-Voting Convertible Preferred Stock at an issue price of KRW 36,559 for the gross proceeds of KRW 25,849,114,068 on May 20, 2024. The transaction will include participation from new investors Kiwoom Securities Co., Ltd. 41,029 shares, Kiwoom-Focus No. 1 New Technology Business Investment Fund 35,558 shares, Unistory- LoftyRock New Technology Fund No. 1 102,573 shares. BDC Labs  12,308 shares. Xolon New Technology Fund 10 16,411 shares, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 1) 4,923 shares, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 2) 11,488 shares, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 3) 4,431 shares, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 4) 6,072 shares, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 5) 6,728 shares, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 6) 5,744 shares, Samsung Securities Co., Ltd. (as a fiduciary of Fund 7) 1,641 shares, Mirae Asset Securities Co., Ltd. (in the fiduciary position of Fund 8) 10,941 shares, Mirae Asset Securities Co., Ltd. (in the fiduciary position of Fund 9) 5,470 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 10) 2,735 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 11) 2,735 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 12) 8,205 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 13) 16,411 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 14) 13,676 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 15) 19,147 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 16) 10,941 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 17) 54,706 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 18) 16,411 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 19) 65,647 shares, NH Investment & Securities
Co., Ltd. (in the position of trustee of Fund 20) 8,205 shares, Korea Investment & Securities Co., Ltd. (as a trustee of Fund 21) 5,744 shares, Korea Investment & Securities Co., Ltd.. (in the fiduciary position of Fund 22) 2,461 shares, Korea Investment & Securities Co., Ltd.. (in the fiduciary position of Fund 23) 8,205 shares, Korea Investment & Securities Co., Ltd. (in the fiduciary position of Fund 24) 8,205 shares, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 25) 12,308 shares, The Korea Securities Finance Corporation (in the fiduciary position of Fund 26) 35,558 shares, The Korea Securities Finance Corporation (as a trustee of Fund 27) 30,088 shares, The Korea Securities Finance Corporation (as a trustee of Fund 28) 27,353 shares, Shinhan Bank (in the fiduciary position of Fund 29) 16,411 shares, Shinhan Bank (in the fiduciary position of Fund 30) 23,250 shares, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 31) 4,102 shares, Shinhan Securities Co., Ltd. (as a trustee of Fund 32) 12,582 shares, NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 33) 3,829 shares, Korea Investment & Securities Co., Ltd. (as a trustee of Fund 34) 8,205 shares, KB Securities Co., Ltd.
(in the fiduciary position of Fund 35) 8,205 shares, KB Securities Co., Ltd. (in the fiduciary position of Fund 36) 8,205 shares and NH Investment & Securities Co., Ltd. (in the fiduciary position of Fund 37) 8,205 shares. The transaction has been approved by shareholders, restricted to a hold period period and is expected to close on May 28, 2024. The shares will expire on May 29, 2029. The shares are 100% convertible into 707,052 shares at a fixed conversion price of KRW 36,559 from May 29, 2025 to April 29, 2029.