KEYEAST.Co.,Ltd. announced a private placement to issue Zero Coupon Series 5Bearer Interest Unsecured Private Placement Convertible Bonds due June 25, 2029 for the gross proceeds of KRW 14,500,000,000 on June 21, 2024. The transaction will include participation from new investors Korea Investment & Securities Co., Ltd. (In the position of fiduciary of Fund 1) for KRW 500,000,000, Korea Investment & Securities Co., Ltd. (In the fiduciary position of Fund 2) for KRW 500,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 3) for KRW 150,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 4) for KRW 600,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 5) foe KRW 600,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 6) for KRW 350,000,000, Samsung Securities Co., Ltd. (In the position of trustee of Fund 7) for KRW 1,800,000,000, NH Investment & Securities Co., Ltd. (In the fiduciary position of Fund 8) for KRW 500,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 9) for KRW 1,500,000,000 and HARANG-IPVINE Contents New Technology Investment Fund for KRW 8,000,000,000. The transaction has been approved by shareholders of company, restricted to a hold period and is expected to close on June 25, 2024.

The bonds are 100% convertible into 2,384,868 shares at a fixed conversion price of KRW 6,080 from June 25, 2025 to May 25, 2029. The bonds bear zero coupon rate, 1% maturity rate and matures on June 25, 2029.