Netmarble : Decision on Transfer of Sharesor Investment Certificatesof Other Corporations

Decision on Transfer of Shares or Investment Certificates of Other Corporations

1. Details of issuing company	Name of company	SpinX Games Limited
Nationality	Hong Kong	Representative	Liang Zhang
Capital stock (KRW)	482,061,601,306	Relationship to company	Affiliated company
Total number of shares issued	369,000,001	Main business	Game publishing and operation business
2. Details of transfer (disposal)	Number of shares to be transferred	210,000,000
Total value of transfer (KRW)	274,344,000,000
Equity capital (KRW)	6,007,658,886,345
Ratio to equity capital (%)	4.57
Classified as a large-scale corporation?	Yes
3. Number of shares held and shareholding ratio after transfer	Number of shares held	159,000,001
Shareholding ratio (%)	100.0
4. Purpose of transfer	Capital reduction of the subsidiary SpinX Games Limited (stock cancellation)
5. Scheduled transfer date	2022-09-07
6. Date of board resolution (decision date)	2022-08-02
-Attendance of outside directors	Present (No.)	1
Absent (No.)	0
-Attendance of auditors (members of Audit Committee who are not outside directors)	Absent
7. Subject to reporting to the Fair Trade Commission?	No
8. Signed a put option contract, etc.?	No
-Details of agreements	-
9. Other matters to be factored into investment decisions
- This disclosure is made in accordance with the decision of paid-in capital reduction of SpinX Games Limited, a subsidiary in which the Company owns a 100% equity interest, and SpinX Games Limited, a subsidiary, will purchase and retire 210,000,000 common shares from the Company at 1 USD per share, which is equivalent to the par value, in accordance with the decision of paid-in capital reduction. - The capital stock of 1. Details of issuing company above and Disposal amount of 2. Details of disposal above are the amounts converted into the Korean Won by applying KEB Hana Bank's initial basic exchange rate (KRW/USD = 1,306.40) as of the date of disclosure. - The 5. Scheduled transfer date above is the scheduled deadline, and the disposal may be completed before the relevant date depending on the progress. - The 6. Date of board resolution above is the date of resolution of the board of directors of SpinX Games Limited, a subsidiary. - The Condensed Financial Statements of Issuing Company are based on the consolidated financial statements of SpinX Games Limited in accordance with international accounting standards and has not been audited or reviewed by an auditor. As for the Condensed Financial Statements of Issuing Company below, the financial statements are prepared as of the end of 1Q 2022 (the current fiscal year), the end of 2021 (the previous fiscal year), and the end of 2020 (two fiscal years prior).
※ Related disclosure	2022-08-02 Decision on Capital Reduction (Material Business Matters of Subsidiary Company)

【Condensed Financial Statements of Issuing Company】(in KRW)

Category	Total assets	Total liabilities	Total shareholders' equity	Capital stock	Sales	Net income	External auditor's opinion	External auditor
Current fiscal year	452,638,883,682	88,697,505,113	363,941,378,569	482,061,601,306	186,381,462,087	34,256,433,355	-	-
Previous fiscal year	405,005,826,806	75,602,337,752	329,403,489,049	482,061,601,306	757,631,495,709	126,720,714,907	-	-
Two fiscal years prior	259,659,596,309	55,790,407,718	203,869,188,590	194,653,600,000	564,470,635,523	125,794,183,979	-	-