Action Square CO., LTD. announced a private placement to issue Series 3 Bearer-Bearing Interest Bearing, Unsecured, Privately Placed Convertible Bonds for the gross proceeds of KRW 3,000,000,000 on April 17, 2024. The transaction will include participation from returning investors NH Investment & Securities Co., Ltd. ( In the position of a trustee of this fund ) for KRW 500,000,000, NH Investment & Securities Co., Ltd. ( In the position of a trustee of this fund ) for KRW 500,000,000, Mirae Asset Securities Co., Ltd. ( In the position of a trustee of this fund )for KRW 800,000,000 and Mirae Asset Securities Co., Ltd. ( In the position of a trustee of this fund ) for KRW 1,200,000,000. The transaction has been approved by the shareholders, restricted to a hold period and is expected to close on April 25, 2024.

The bonds bear zero coupon rate and zero maturity rate and matures on April 25, 2029. The bonds are 100% convertible into 1,828,153 shares at a fixed conversion price of KRW 1,641 from April 25, 2025 to March 25, 2029.