SUNIC SYSTEM Co., Ltd. announced a private placement to issue Series 1 Bearer-Type Interest-Free Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 42,000,000,000 and Zero Coupon Series 2 Bearer-Type Interest-Free Unsecured Private Placement Exchangeable Bonds for the gross proceeds of KRW 18,000,000,000; aggregate gross proceeds of KRW 60,000,000,000 on June 4, 2024. The transaction will include participation from new investors Shinhan Investment & Securities Co., Ltd. for KRW 3,500,000,000, Heungkuk-Hana S&B New Prime New Technology Investment Fund for KRW 700,000,000, Heungkuk Securities Co., Ltd. for KRW 2,100,000,000, Korea Investment Value Chain (VC) S1 Fund for KRW 5,600,000,000, Time Folio Heungkuk AOA RGB New Technology Investment Fund No. 1 for KRW 18,900,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 1) for KRW 210,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 2) for KRW 2,450,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 3) for KRW 500,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 4) for KRW 670,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 5) for KRW 380,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 6) for KRW 300,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 7) for KRW 250,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 8) for KRW 1,260,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 9) for KRW 980,000,000, Hana Bank Co., Ltd. (in the fiduciary position of Fund 10) for KRW 2,100,000,000 and Samsung Securities Co., Ltd. (in the fiduciary position of Fund 11) for KRW 2,100,000,000. The bonds are 100% convertible into 677,550 shares at a fixed conversion price of KRW 61,988 from June 21, 2025 to May 21, 2029. The bonds bear zero coupon rate and maturity rate and matures on June 21, 2029. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 21, 2024.

Series 2 bonds - The transaction will include participation from new investors Shinhan Investment & Securities Co., Ltd. for KRW 1,500,000,000, Heungkuk-Hana S&B New Prime New Technology Investment Fund for KRW 300,000,000, Heungkuk Securities Co., Ltd. for KRW 900,000,000, Korea Investment Value Chain (VC) S1 Fund for KRW 2,400,000,000, Time Folio Heungkuk AOA RGB New Technology Investment Fund No. 1 for KRW 8,100,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 1) for KRW 90,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 2) for KRW 1,050,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 3) for KRW 210,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 4) for KRW 290,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 5) for KRW 160,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 6) for KRW 130,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 7) for KRW 110,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 8) for KRW 540,000,000, Samsung Securities Co., Ltd. (in the fiduciary position of Fund 9) for KRW 420,000,000, Hana Bank Co., Ltd. (in the fiduciary position of Fund 10) for KRW 900,000,000 and Samsung Securities Co., Ltd. (in the fiduciary position of Fund 11) for KRW 900,000,000. The bonds are 100% convertible into 263,983 shares at a fixed conversion price of KRW 68,186 from July 21, 2024 to May 21, 2029. The bonds bear zero coupon rate and maturity rate and matures on June 21, 2029. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on June 21, 2024.