Notice: Third-Party Allocation of Shinju

Since our board of directors resolved to increase capital through third-party allocation at the board meeting held on April 13, 2022, we hereby announce the allocation of new shares to persons other than shareholders as follows.

• under –

1. Type of new shares  : conversion preferred stock (CPS)

2. Total number of new shares : 5,263 shares

3. 1 Price amount : 500 won

4. 1 week issuance amount : 190,000 won

5. 납입기일 : 2022년 4월 29일

6. How to acquire 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.

7. Financial institution for deposit payment : Woori Bank Seocho Nam Branch

8. 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.

April 13, 2022

PuzzleAI Co., Ltd.

6th floor, Seocho Peace Building, 22 Banpo-daero, Seocho-gu, Seoul

CEO Kim Yong-Sik (Seal omitted)