Namsan Mulsan Co., Ltd. and X. Co., Ltd signed contract to acquire 13.3% stake in MiraeING.Co.,Ltd. (KOSE:A007120) from NK Mulsan CO., LTD. (KOSE:A009810) for KRW 10 billion on September 3, 2021. As per the transaction, Namsan Mulsan Co., Ltd. will acquire 5,181,350 shares for KRW 3 billion and X. Co., Ltd will acquire 12,089,810 shares for KRW 6.99 billion. Namsan Mulsan and X. Co.

has paid KRW 1 billion while remaining KRW 9 billion payable earlier than November 5, 2021. Playgram will hold 14,784,602 shares following completion. The Board of Directors has passed the resolution for the transaction.

The transaction is expected to complete on November 05, 2021.