Advanced Nano Products Co., Ltd. announced a private placement to issue 4th bearer-free, non-coupon-bearing, non-guaranteed private placement convertible bond for the aggregate gross proceeds of KRW 62,000,000,000, 5th bearer-free, non-couponed, non-guaranteed private placement bond with warrants for the gross proceeds of KRW 100,000,000,000 and 6th bearer-free, non-coupon-bearing, non-guaranteed private placement convertible bond for the aggregate gross proceeds of KRW 33,000,000,000; for aggregate gross proceeds of KRW 195,000,000,000 on September 19, 2023. The bonds carry coupon rate and maturity rate of 0% and will mature on September 21, 2028. The series 4 bonds will be convertible into 397,443 common shares at a conversion value of KRW 155,997 per share from September 21, 2024 to August 21, 2028. The bonds are restricted to a hold period of 1 year from the date of bond issuance. The transaction is expected to close on September 21, 2023. The transaction has been approved by the board of directors of the company. The transaction will include participation from DSC Tech Value-Up Fund 3 for KRW 1,500,000,000 and DSC Tech Value-Up Fund 4 for KRW 500,000,000 managed by DSC Investment Inc., Shinhan Capital, Investment Arm for KRW 5,000,000,000, KB Securities Co., Ltd. for KRW 10,000,000,000, NH Investment & Securities Co., Ltd. for KRW 11,900,000,000, Korea Investment & Securities Co., Ltd. for KRW 10,000,000,000, Samsung Securities Co., Ltd. for KRW 8,000,000,000, Shinhan Bank Co., Ltd. for KRW 5,000,000,000, Kiwoom Securities Co., Ltd. for KRW 2,000,000,000, Meritz-JB New Technology Financial Association No. 1 for KRW 5,000,000,000 and Schmidt-DSC Future Mobility Fund for KRW 3,000,000,000.

For series 5 bonds - The transaction will include participation from new investors Korea Investment & Securities Co., Ltd. for KRW 3,000,000,000, JB Mezzanine New Technology Business Investment No. 1 for KRW 5,000,000,000, Hanyang Securities Co. Ltd. for KRW 4,000,000,000, Kiwoom Securities Co., Ltd. for KRW 3,500,000,000, Shinhan Investment & Securities Co., Ltd. for KRW 3,500,000,000, BNK Securities for KRW 3,500,000,000, Meritz Securities Co., Ltd. for KRW 3,500,000,000, Wenshinhan Mezzanine No. 1 New Technology Business Fund for KRW 3,000,000,000, KB Securities Co., Ltd. for KRW 3,000,000,000, Kiwoom-DS Mezzanine Blind New Technology Fund for KRW 2,500,000,000, EBEST Investment & Securities Co., Ltd. for KRW 3,500,000,000, Synaptic Future Growth No. 1 Private Investment Limited Partnership for KRW 5,000,000,000, Korea Investment & Securities Co., Ltd., for KRW 3,000,000,000, KB Securities Co., Ltd. for KRW 5,000,000,000, KB Securities Co., Ltd. for KRW  5,000,000,000, NH Investment & Securities Co., Ltd. for KRW 1,100,000,000, NH Investment & Securities Co., Ltd. for KRW 500,000,000, Samsung Securities Co., Ltd. for KRW 1,300,000,000, Samsung Securities Co., Ltd. for KRW 3,100,000,000, NH Investment & Securities Co., Ltd. for KRW 900,000,000, NH Investment & Securities Co., Ltd. for KRW for KRW 1,000,000,000, NH Investment & Securities Co., Ltd. for KRW 1,100,000,000, NH Investment & Securities Co., Ltd. for KRW for KRW 5,000,000,000, KB Securities Co., Ltd. for KRW 2,000,000,000, Samsung Securities Co., Ltd., for KRW 3,000,000,000, KB Securities Co., Ltd. for KRW 2,800,000,000, Samsung Securities Co., Ltd. for KRW 1,200,000,000, KB Securities Co., Ltd. for KRW 1,100,000,000, KB Securities Co., Ltd. for KRW 1,700,000,000, KB Securities Co., Ltd. for KRW 1,000,000,000, KB Securities Co., Ltd. for KRW 1,000,000,000, KB Securities Co., Ltd. for KRW 1,200,000,000, NH Investment & Securities Co., Ltd. for KRW 800,000,000, NH Investment & Securities Co., Ltd. for KRW 700,000,000, NH Investment & Securities Co., Ltd. for KRW 1,500,000,000, Mirae Asset Securities Co., Ltd. for KRW 100,000,000, Mirae Asset Securities Co., Ltd. for KRW 200,000,000, Mirae Asset Securities Co., Ltd. for KRW 2,700,000,000, NH Investment & Securities Co., Ltd. for KRW 2,800,000,000, KB Securities Co., Ltd. for KRW 2,200,000,000, KB Securities Co., Ltd. for KRW 4,000,000,000. The bonds are convertible into 641,037 common shares at a fixed conversion price of KRW 109,198 from September 21, 2024 to August 21, 2028. The bonds will mature on September 21, 2028.