Notice: Third Party Allocation of New Shares

Since we resolved to increase capital through third-party allocation at the extraordinary general meeting of shareholders on December 26, 2023, we hereby announce the allocation of new shares to persons other than shareholders as follows:

  1. Type of shares: Convertible Preferred Shares (CPS)
  2. Total number of shares: 35,000 shares
  3. Amount per week: 500 won
  4. Issue price per week: 200,000 won
  5. Payment Due Date: January 10, 2024
  6. Method of acquiring new shares

In accordance with Article 418 of the Commercial Act and Article 10, Paragraph 2 of the Articles of Incorporation of this company, the right to subscribe to new shares of existing shareholders is excluded and all new shares are assigned to a third party.

  1. Financial institution for deposit payment: Daedeok-daero branch of Industrial Bank of Korea
  2. Other details regarding the issuance of new shares are left to the CEO, and this paid-in capital increase schedule is subject to change due to adjustments by the Company or related organizations.

December 26, 2023

Puzzle AI Co., Ltd.

507 Gangnam-daero, Seocho-gu, Seoul, 5th floor

CEO Kim Yong-Sik (Seal omitted)