M-Venture Investment, Inc. announced a private placement of Series 31 non-guaranteed private convertible bonds with bearer type interest part for gross proceeds of KRW 7,500,000,000 on September 13, 2021. The transaction will include participation from Kang,Do-won will invest KRW 500,000,000, Goo Hye-young will invest KRW 100,000,000, Gyobeom Kim will invest KRW 400,000,000, Dongjun Kim will invest KRW 200,000,000, Kim Mi-kyung will invest KRW 200,000,000, Kim Gemma will invest KRW 100,000,000, Namkyung will invest KRW 100,000,000, Moon Seong-won will invest KRW 300,000,000, sanctuary will invest KRW 200,000,000, Oh Seung-rok will invest KRW 200,000,000, Lee Ji-hee will invest KRW 200,000,000, Han Young-mi will invest KRW 100,000,000, Ham Doo-young will invest KRW 300,000,000, poultry will invest KRW 100,000,000, Ahn Jung-kwon will invest KRW 100,000,000, Lee Tae-ae will invest KRW 200,000,000, Seong Geum-young will invest KRW 100,000,000, Kim Myung-ja will invest KRW 100,000,000, Kim Hyun-soo will invest KRW 100,000,000, Yoo Jeong-seok will invest KRW 1,000,000,000, Park Jin-soo will invest KRW 1,000,000,000 and SG Co.,Ltd. will invest KRW 1,000,000,000, Leegold Co.,Ltd will invest KRW 300,000,000, and existing investors Dong Won Fisheries Co.,Ltd. will invest KRW 200,000,000, incomiz CO.LTD will invest KRW 200,000,000, and BeAll Developers,Inc. will invest KRW 200,000,000. The bonds bear a coupon rate and yield to maturity of 4% per annum and will mature on September 15, 2026.

The bonds are issued at par value. The bonds are 100% convertible into 6,276,150 common shares representing 8.5% stake at a conversion price of KRW 1,195 per share starting on September 15, 2022 and ending on August 15, 2026. The transaction has been approved by the board of directors of the company.

The subscription date is September 14, 2021 and payment date of the transaction is September 15, 2021.