Announcement of new stock issuance via third party allocation

Dear Shareholders,

We hereby announce that at the board meeting of Zionex, Inc. held on April 30, 2024, it was resolved to issue new shares through a third-party allocation method as described below.

  1. Type and number of new shares: Convertible preferred shares with redemption rights, 37,100 shares
  2. Purpose of fundraising: Research and development and operational funds
  3. Face value per new share: KRW 5,000
  4. Issue price per new share: KRW 94,286
  5. Payment date for new shares: May 16, 2024
  6. Method of allocating new shares: Based on Article 418 of the Commercial Act and Article 9, Section 2, Paragraph 1 of the company’s articles of association, all new shares are to be allocated and subscribed to by a third party.

April 30 , 2024​​​

Dongsik Yoo, CEO
( official seal omitted )

Zionex, Inc.

R&D Tower, Unit 908, 396 World Cup Buk-ro (Sangam-dong, Nuritkum Square), Mapo-gu, Seoul, Korea 03925

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