AeroSpace Technology of Korea Inc. announced a private placement to issue 145,650,000 shares at an issue price of KRW 500 per share for the gross proceeds of KRW 72,825,000,000, Series 7 Bearer-Bearing Interest-Bearing, Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 52,500,000,000 and Series 8 Bearer Interest Unsecured Private Placement Convertible Bonds for the gross proceeds of KRW 50,000,000,000; aggregate gross proceeds of KRW 175,325,000,000 on March 4, 2024. The transaction will include participation from new and returning investors The Korea Development Bank for 25,380,000 shares, Kodit 2021 The 5th Securitization Specialty Co. Ltd for 11,006,000 shares, KB Kookmin Bank for 8,010,000 shares, Korea Credit Guarantee Fund for 3,668,000 shares, Shinbo 2022 5th Securitization Specialty Co., Ltd. for 3,668,000 shares, Woori Bank for 918,000 shares and Alpha Aero LLC for 93,000,000 shares. The transaction has been approved by the shareholders of the company and is expected to close on March 12, 2024. The securities are restricted to a hold period of 1 year.

Series 8 bonds - The transaction will include participation from new investor U&I Creditors Co., Ltd. The bonds are 100% convertible into 100,000,000 shares at a fixed conversion price of KRW 500 from September 13, 2024 to February 12, 2054. The bonds bear 1.5% interest rate and 1.5% maturity rate and matures on March 12, 2054. The transaction has been approved by the shareholders of the company and is expected to close on March 12, 2024. The securities are restricted to a hold period.

Series 7 bonds - The transaction will include participation from returning investor Alpha Aero LLC. The bonds are 100% convertible into 105,000,000 common shares at a fixed conversion price of KRW 500 from September 13, 2024 to February 12, 2054. The bonds bear 3% interest rate and 3% maturity rate and matures on March 12, 2054. The transaction has been approved by the shareholders of the company and is expected to close on March 12, 2024. The securities are restricted to a hold period.