Yellow Balloon Tour Co., Ltd. announced a private placement of round 1 non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 10,000,000,000 and round 2 bearer type non-guaranteed interest-bearing private placement non-separable bond with warrant for gross proceeds of KRW 10,000,000,000 and aggregate gross proceeds of KRW 20,000,000,000 on March 10, 2021. The transaction will include participation from SP KOSDAQ Venture Specialized Investment Type Private Equity Trust No. 3 Specialized Investment Type Private Equity Trust for KRW 2,000,000,000, Time Folio It's Time-Mezzaznine T Private Equity Investment Trust for KRW 1,300,000,000, Time Folio It's Time-Mezzaznine S Private Equity Investment Trust for KRW 200,000,000, GVA Fortress-A Professional Investment Private Equity Trust for KRW 1,200,000,000, GVA Saber-G Private Equity Investment Trust for KRW 100,000,000, GVA Saber-V Private Equity Investment Trust for KRW 100,000,000, GVA Fortress-V Professional Investment Private Equity Trust for KRW 100,000,000, Synergy Turnaround No. 13 New Technology Business Fund for KRW 5,000,000,000, Shinhan Financial Investment Co., Ltd. for KRW 3,000,000,000, Suseong Asset Management Co., Ltd. for KRW 1,000,000,000, Orion Mezzanine Multi-Strategy Professional Investment Private Equity Trust No. 1 for KRW 500,000,000, Orion Small Manager Plus KOSDAQ Venture Specialized Investment Private Equity Trust No. 45 for KRW 500,000,000, Orion Luxury KOSDAQ Venture Specialized Investment Private Equity Trust No. 43, Orion Luxury KOSDAQ Venture Professional Investment Private Equity Trust No. 51 and Orion Luxury KOSDAQ Venture Professional Investment Private Equity Trust No. 58 for KRW 1,000,000,000, Paros Mezzanine Public Equity Specialized Investment Type Private Equity Trust No. 1 for KRW 500,000,000, Paros Pacific Private Equity Trust No. 2 for KRW 500,000,000, Suseong KOSDAQ Venture M6 Professional Investment Type Private Equity Trust for KRW 500,000,000, Suseong KOSDAQ Venture M9 Professional Investment Type Private Equity Trust for KRW 500,000,000, Suseong KOSDAQ Venture M10 Professional Investment Type Private Equity Trust for KRW 500,000,000, C Square The banks 1 Professional investment type private equity trust for KRW 800,000,000, C-Square Mezzanine Plus Professional Investment Private Equity Trust No. 20 for KRW 700,000,000. The bonds will carry zero interest coupon rate and zero yield to maturity rate. The bonds will mature on March 12, 2026. The bonds are fully convertible into 406,239 common shares, representing 8.52% of the company at a conversion price of KRW 24,616 per share. The conversion period is from March 12, 2022 to February 12, 2026. The transaction has a subscription and payment date of March 12, 2021. The transaction was approved by the board of directors of the company. The securities are subject to one-year protection period.