Digital Multimedia Technology Co.,Ltd. announced a private placement of 1,863,585 common shares at KRW 2,683 per share at a discount of 10% for proceeds of KRW 4,999,998,555 and series 4th non-guaranteed private convertible bonds for proceeds of KRW 8,700,000,000 for total gross proceeds of KRW 13,699,998,555 on November 9, 2021. The bonds will bear 0% coupon rate and 4% maturity rate. The bonds will mature on December 7, 2024. The bonds will be 100% convertible at a price of KRW 3,052 per share from December 7, 2022 to November 7, 2024. The shares carry a par value of KRW 500 each. The transaction will include participation from Jeong-seok Yoo for 1,490,869 shares, Kyung-soo Kim for 186,358 shares and Jong-pil Lee for 186,358 shares and Nomad Fund for convertible bonds for KRW 8,700,000,000. The transaction is by way of third party capital increase. The payment date for the shares is expected on December 23, 2021 and for bonds is December 7, 2021. The shares are subject to a hold period of one year from the date of issue. The transaction has been approved by board of directors of the company.