CJ ENM : Decision on Paid-in Capital Increase(Voluntary Disclosure)(Material Management Matters of Subsidiary Company)

Decision on Paid-in Capital Increase(Voluntary Disclosure)(Material Management Matters of Subsidiary Company)

Subsidiary Company

Tving Co., Ltd

Report of Material Management Matters

1. Class and Number of New Shares	Common Stock(shr.)	382,513
Different Classes of Stock(shr.)	-
2. Par value of Share (KRW)	5,000
3. No. of outstanding Shares before Increase of Capital Stock	Common Stock(shr.)	2,041,089
Different Classes of Stock(shr.)	-
4. Use of Funds Raised	For Facilities Investment(KRW)	-
For Business acquisition(KRW)	-
For Operating Capital (KRW)	249,999,786,436
For Repayment of Debt(KRW)	-
For Acquisition of Securities of Other Corporation(KRW)	-
For Other Purpose(KRW)	-
5. Method of Capital Increase	allotment to third parties

[Allotment to the 3rd Party]

6. Issuing Price of New Shares	Common Stock(KRW)	653,572
Different Classes of Stock(KRW)	-
7. Discount or Premium Ratio to the Standard Price of Share(%)	-
8. Basis on Articles of Association	Article 15 section 2 of Article of Incorporation
9. Date for Payment of Subscription money	2022-02-25
10. Record Date of Dividend Payout	2022-01-01
11. Scheduled Delivery Date of New Share Certificates	-
12. Concerning Investment
- Investment in Kind	no
- Unlisted Stocks among Investment in Kind	no
- Price of Shares Scheduled to Pay for Investment in Kind	Price of Investment in Kind(KRW)	-
Ratio to Total Assets of the Latest Fiscal Year(%)	-
- Nmber of Shares Scheduled to Pay	382,513
13. Date of Board Resolution(Decision Date)	2022-02-18
- Attendance of Outside Directors	Present(No.)	-
Absent(No.)	-
- Attendance of Auditors(members of Audit Committee)	Absent
14. Subject to Filing of Securities Registration Statement	No
15. Reason for Exemption of Filing of Securities Registration Statement	- The issuing company is an unlisted corporation and is not subject to submission of The Securities Registration Statement.
16. Subject to reporting to the Fair Trade Commission	Yes
17. Other references useful for making investment decisions	- CJ ENM's Board of Directors has approved the Shareholders' Agreement with Media Growth Capital No.1 Co., LTD. on February, 18. 2022. - Subsidiary company, Tving Co., Ltd's total number of shares issued to be 2,983,602 shares after a conversion of convertible bonds issued back in Jan. 29th 2021 (FV KRW 14,000,000,000). - [Details Of Subsidiary Company] mentioned subsidiary's total asset and parent company's total consolidated asset reflect end-FY2020's financial status.
※ Title and date of other disclosure related to this one	-

[Basis on Articles of Association, Purpose, etc]

Basis	Purpose
In accordance of article 15 section 2 of Article of Incorporation Issuer is within its major shareholders' rights to issue 3rd party rights offering as means to acquire/gain assets(tangible/intangible) which can enhance/improve company's financials/productivity via resolution of board of directors	Strengthen competitiveness of the OTT platform and enhance original content of Tving Co., Ltd.

[Details of Allotment to the 3rd Party]

Object	Relationship to Company or the Largest Shareholder	Reason for Selection	Details of Trading & Plan within 6Months before and after Decision on Capital Increase	Number of Shares Allotted	Remarks
Media Growth Capital No.1 Co., LTD.	Others	Financial Investor	-	382,513	-

[Details Of Subsidiary Company]

Name of Subsidiary Company	Tving Co., Ltd	Name of English	Tving Co., Ltd
- Representative	Ji-Eul Yang
- Main Business	Content distribution and platform service
- Major Subsidiary Company	No
Total Asset of Subsidiary Company(KRW)	31,119,375,860
Consolidated Total Asset of Dominant Company(KRW)	6,279,917,456,928
Ratio to Consolidated Total Asset of Dominant Company(%)	0.50