GungHo Online Entertainment : Notice Regarding Results and Completion of Treasury Share Acquisition

	June 18, 2019
To whom it may concern
Company name	GungHo Online Entertainment, Inc.
Representative	Kazuki Morishita, Representative Director & President, CEO
	(Securities code：3765)
Contact person	Kazuya Sakai, Director & CFO, Executive General Manager
	of Finance Accounting Division
	(TEL：[phone])

Notice Regarding Results and Completion of Treasury Share Acquisition

(Acquisition of Treasury Shares Pursuant to the Provisions of the Articles of Incorporation Based on Paragraph 2 of Article 165 of the Companies Act)

GungHo Online Entertainment, Inc. (the "Company") announces that it has acquired treasury shares pursuant to Article 156 of the Companies Act applied by a reading of terms under Paragraph 3 of Article 165 of the Companies Act.

This concludes the treasury share acquisition in accordance with a resolution made by the Board of Directors on March 22, 2019.

1.	Type of shares acquired	Common shares
2. Acquisition period	From June 1, 2019 to June 17, 2019
3.	Total number of shares	10,578,800 shares
	acquired
4.	Total acquisition price	3,300,153,600 yen
5. Acquisition method	Acquisition on the Tokyo stock exchange

(Reference)

1. Details of the resolution regarding acquisition of treasury shares (Announced on March 22, 2019)

(1) Type of shares to be	Common shares
	acquired
(2)	Total number of shares to	15,000,000 shares (maximum)
	be acquired	(2.10% of the total number of shares issued excluding treasury shares)
(3)	Total acquisition price	5,000,000,000 yen (maximum)
(4) Acquisition period	From May 20, 2019 to June 28, 2019
2. Total number and value of shares acquired pursuant to the above resolution
(1)	Total number of shares to	15,000,000 shares
	be acquired
(2)	Total acquisition price	4,773,210,000 yen