Koreacenter Co.,Ltd. announced a private placement of round 1 non guaranteed private placement non-separable bond with warrants of face value KRW 99,999,998,379 and 29,916,303 common shares at a price of KRW 6,616 for a gross proceeds of KRW 197,926,260,648; an aggregate gross proceeds of KRW 297,926,259,027 on January 13, 2022. The transaction will include participation from new investor Korea E-Commerce Holdings Co., Ltd. for common shares. The bonds carries interest of 4.6% and will mature on March 25, 2032.

The transaction has been approved by the board of directors. The payment date of bond and common shares is March 25, 2022. The company will issue common shares through third party allocation increase.

The transaction is subject to hold period of one year.