On April 5, 2023 Future Venture Capital Co., Ltd. announced in its press release that DSG1 Co., Ltd. had submitted a proposal for the General Meeting of shareholders to be held in June 2023. The proposal is as follows: Appointment of the following 5 members to the board of directors – Mr. Yoichi Ito, Mr. Daisuke Sawada, Mr.Kazuhisa Kim, Mr. Takeshi Gamo and Mr. Takashi Kubo. The shareholder believes that the company’s management team has not been able to make rational decisions and that there is no proper corporate governance system to monitor the President Mr. Will Kim.

For the common benefit of shareholders and to strengthen the management system, the activist has nominated 5 new directors. As the company’s largest shareholder and through the perspective of common interests of shareholders (1) Objectively capture the business situation through the current management, (2) Reasons for opposing the current management – 1. The management being all talk and no action, 2. Discontinuous management strategy, 3. Business management like gambling, 4. Conflict of interest between fund and M&A business. The nominees will create a new management team and set the following policies - 1. Implementation of a sound and reliable business management, 2. Strengthening of CVC Funds, 3. The shareholder is convinced that the new managers can increase shareholder value and long-term company value, through self-financing in local companies.