BLUEMTEC Co., Ltd. announced a private placement to issue Zero Coupon Series 3 Bearer-Type Interest-Free Unsecured Private Placement Rights Subordinate Bonds due July 15, 2029 for the gross proceeds of KRW 20,000,000,000 on July 11, 2024. The transaction will include participation from new investors NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 1) for KRW 650,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 2) for KRW 600,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 3) for KRW 750,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 4) for KRW 400,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 5) for KRW 100,000,000, Mirae Asset Securities Co., Ltd (In the fiduciary position of Fund 6) for KRW 1,000,000,000, Samsung Securities Co., Ltd. (From the fiduciary position of Fund 7) for KRW 2,100,000,000, Samsung Securities Co., Ltd. (In the fiduciary position of Fund 8) for KRW 400,000,000, KB Securities Co., Ltd. (In the fiduciary position of Fund 9) for KRW 2,500,000,000, KB Securities Co., Ltd. (In the position of trustee of Fund 10) for KRW 1,500,000,000, KB Securities Co., Ltd. (In the fiduciary position of Fund 11) for KRW 1,000,000,000, Samsung Securities Co., Ltd (In the fiduciary position of Fund 12) for KRW 2,000,000,000, KB Securities Co., Ltd. (In the position of trustee of Fund 13) for KRW 2,000,000,000, KB Securities Co., Ltd. (In the fiduciary position of Fund 14) for KRW 700,000,000, KB Securities Co., Ltd. (In the fiduciary position of Fund 15, for KRW 200,000,000, KB Securities Co., Ltd. (In the fiduciary position of Fund 16, for KRW 1,800,000,000, NH Investment & Securities Co., Ltd ( in the fiduciary position of Fund 17) for KRW 300,000,000 and Samsung Securities Co., Ltd (In the fiduciary position of Fund 18) for KRW 2,000,000,000. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on July 15, 2024.

The bonds are 100% convertible into 1,156,269 common shares at a fixed conversion price of KRW 17,297 from July 15, 2025 to June 15, 2029. The bonds bear zero coupon rate and maturity rate and matures on July 15, 2029.