ADBiotech Co., Ltd. announced a private placement to issue Series 6 Bearer Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 4,500,000,000 on April 25, 2024. KB Securities Co., Ltd. (In the position of fiduciary of Fund 1) for KRW 200,000,000, Mirae Asset Securities Co., Ltd. (in the fiduciary position of Fund 2) for KRW 300,000,000, KB Securities Co., Ltd. (In the position of trustee of Fund 3) for KRW 300,000,000, Samsung Securities Co., Ltd. (In the position of trustee of Fund 4) for KRW 200,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 5) for KRW 100,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 6)) for KRW 100,000,000, NH Investment & Securities Co., Ltd. (From the position of trustee of Fund 7) for KRW 200,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 8) for KRW 100,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 9)) for KRW 100,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 10) for KRW 300,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 11) for KRW 350,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 12)  for KRW 700,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 13) for KRW 100,000,000, NH Investment & Securities Co., Ltd. (In the position of trustee of Fund 14)) for KRW 500,000,000, NH Investment & Securities Co., Ltd. (From the position of trustee of Fund 15) for KRW 300,000,000, Samsung Securities Co., Ltd. (In the position of trustee of Fund 16) for KRW 150,000,000 and Kiwoom Securities Co., Ltd. for KRW 500,000,000. The transaction has been approved by the shareholders the company and is expected to close on April 26, 2024.

The bonds are 100% convertible into 1,765,398 shares at a fixed conversion price of KRW 2,549 from April 26, 2025 to March 26, 2027. The bonds bear 0 coupon rate and 1% maturity rate and matures on April 26, 2029.