Victek Co., Ltd. announced a private placement of series 2 bearer type, no interest, no guarantee, private placement convertible bonds for gross proceeds of KRW 15,000,000,000 on May 3, 2022. Rhinos Mezzanine Private Equity Investment Trust No. 10 for KRW 1,000,000,000, Rhinos Mezzanine Professional Investment Private Equity Investment Trust No.

11 for KRW 1,500,000,000, Rhinos S Mezzanine Private Equity Investment Trust No. 1 for KRW 2,000,000,000, Rhinos Mezzanine General Private Equity Investment Trust No. 12 for KRW 1,800,000,000, Rhinos Mezzanine General Private Equity Investment Trust No.

13 for KRW 800,000,000, Rhinos KOSDAQ Venture Public Offering General Private Equity Investment Trust No. 4 for KRW 4,000,000,000, Rhinos Premier Mezzanine General Private Equity Investment Trust No. 1 for KRW 1,600,000,000, Rhinos the banks 1 General Private Equity Investment Trust for KRW 2,300,000,000.

The bonds will mature on May 06, 2027. The bonds will be 100% converted into 2,114,761 common shares of the company at a fixed conversion price of KRW 7,093 per share for an equity stake of 7.38%. The conversion period is from May 06, 2023, to April 06, 2027.

The payment date for bonds is May 06, 2022. The transaction has been approved by the board of directors of the company. Bonds carry a hold period of one year.