WIDER PLANET Inc. announced a private placement of series 1 bearer-type, non-guaranteed private placement bonds with warrants for a gross proceeds of KRW 16,000,000,000 and series 2 bearer-type, non-guaranteed private placement bonds with warrants for a gross proceeds of KRW 19,000,000,000 for total proceeds of KRW 35,000,000,000 on August 20, 2021. The series 1 bond transaction will include participation from GBA New Deal Growth Alpha Private Equity Trust for KRW 2,000,000,000, Buffered Bottom Open Top mezzanine-specialized private investment trust No. 2 for KRW 5,000,000,000, Chorokbaem Media Co., Ltd. for KRW 5,000,000,000, and other investors.

The series 2 bonds transaction include participation from Shinhan Bank in the trust business position of Brain Small and Medium Business Federation Mezzanine Specialized Private Equity Investment Trust No. 1 for KRW 1,000,000,000, Samsung Securities Co., Ltd. in the position of trustee of Brain Specialized Investment Type Private Equity Trust No. 38 for KRW 1,000,000,000, Shinhan Bank in the status of trust business entity of Life IPO KOSDAQ Venture Private Equity Trust No.

3 for KRW 1,000,000,000, KB Securities Co., Ltd. in the status of trust business of K-Clavis KOSDAQ Venture Private Equity Investment Trust No. 2 for KRW 2,000,000,000, Samsung Securities Co., Ltd. in the position of a trustee in a time folio mezzanine alpha-specialized private equity investment trust for KRW 500,000,000, Samsung Securities Co., Ltd. for Time Folio KOSDAQ Venture It`s Time-MS No. 2 Professional Investment Type Private Equity Trustfor KRW 2,500,000,000, Industrial Bank of Korea in the position of trustee in value system New Deal private equity investment trust for KRW 2,000,000,000, Industrial Bank of Korea in the position of trustee in the value system Typhoon Private Equity Trust for KRW 300,000,000, KB Securities Co., Ltd. in the position of trustee of value system STORM private investment trust for KRW 1,000,000,000, Shinhan Investment Corp.

in the position of a trustee in a value system RAPID-specialized private equity investment trust for KRW 700,000,000, BNK Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, Kiwoom Securities Co., Ltd., Investment Arm for KRW 3,000,000,000, and Synergy-Shinhan Mezzanine New Technology Fund No.2 for KRW 1,000,000,000. The series 1 bonds will be 100% converted into 653,061 common shares at a fixed conversion price of KRW 24,500 per share for an equity stake of 9.47%. The series 2 bonds will be 100% converted into 777,510 common shares at a fixed conversion price of KRW 24,500 per share for an equity stake of 11.24%.

The surface interest rate and maturity rate are 0% for series 2 bonds and are issued at face value. The first bond securities issued in the transaction are subject to a lock up period of one year. The bonds will mature on August 25, 2026.

The transaction has been approved by the board of directors of the company. The conversion period is from February 25, 2023 to July 25, 2026. The date of subscription is August 24, 2021.

The payment date of the transaction is August 25, 2021.