DIGITAL HEARTS HOLDINGS Co., Ltd. (TSE:3676) concluded a stock purchase agreement to acquire Metaps Entertainment Limited from Metaps Inc. (TSE:6172) for ¥2.2 billion on March 8, 2021. As reported, Metaps Inc. will transfer 1,350 shares of Metaps Entertainment Limited and will hold no stake in Metaps Entertainment Limited post transaction. As a result, Metaps Entertainment Limited and all its group companies including Metaps Pte.

Ltd, Metaps Shanghai Co., Ltd, Metaps Entertainment Hong Kong Limited, Metaps & Luminous Media International Corporation, KOL Media Limited and others will also become DIGITAL HEARTS HOLDINGS Co's subsidiaries. For the fiscal year ending 2020, Metaps Entertainment Limited reported net assets of ¥1.5 billion, total assets of ¥1.6 billion, net sales of 0, operating income of 0 and net loss of ¥2 million, The Board of Directors of Metaps Inc. and DIGITAL HEARTS HOLDINGS Co., Ltd. resolved the transaction at their respective meetngs on March 8, 2021. The planned share transfer execution date id March 29, 2021.

DIGITAL HEARTS HOLDINGS Co., Ltd expects the stock acquisition to have a minor effect on our business results for the fiscal year ending March 31, 2021.