SEOUL, SOUTH KOREA-- June 14, 2023 -- Sound Vaccine, Inc., (“Sound Vaccine”), a leading manufacturer of advanced hearing medical systems and patented hearing healthcare products, is pleased to announce that it has signed an agreement (“Agreement”) with GEM Global Yield LLC SCS (“GGY”), the Luxembourg-based private alternative investment group, to provide Sound Vaccine with a share subscription facility of up to KRW 180,000,000,000 for a 36-month term following June 8, 2023. The share subscription facility will allow Sound Vaccine to draw down funds by issuing ordinary shares to GEM. Sound Vaccine will control the timing and the maximum size of such drawdowns and has no minimum drawdown obligation. Sound Vaccine will issue warrants to GEM to purchase up to 2.7% of the issued ordinary shares of the company. Farazad Investments, a leading advisory services group headquartered in Hong Kong with offices in London advised Sound Vaccine on the transaction.