Powernet Technologies Corporation announced a private placement of series 11 bearer type non-guaranteed private placement convertible bonds for gross proceeds of KRW 10,000,000,000 on June 20, 2022. The transaction will include participation from A-One Mezzanine Step-Up Specialized Investment Detective Private Equity Trust, A-One Master Mezzanine Specialized Investment Detective Private Equity Trust, A-One Signature Mezzanine Specialized Investment Criminal Investment Trust, A-One Trust Mezzanine General Private Equity Trust, A-One Prime Mezzanine General Private Equity Trust No.2, A1 Rainbow Mezzanine General Private Equity Trust, A-One New Deal Mezzanine General Private Equity Trust, A-One Grace Mezzanine Specialized Investment Criminal Equity Trust, A-One Bright Mezzanine General Private Equity Trust, Focus SY Castle KOSDAQ Venture General Private Equity Trust No. 1, Focus Expert KOSDAQ Venture General Private Equity Trust No.

1, Focus Super Rich KOSDAQ Venture General Private Equity Trust No. 6, and Focus Unicorn KOSDAQ Venture General Private Equity Trust No. 2. The bonds will mature on June 21, 2027.

The bonds are 100% convertible into 2,196,354 shares at a conversion price of KRW 4,553 per share from June 21, 2023 to June 21, 2023. The payment date is June 21, 2022. The transaction has been approved by the board of directors.