Notice: Announcement of Third-Party Allocation of Puzzle AI Co., Ltd.’s New Shares

The company decided to raise the third -party paid -in capital increase on March 2, 2022, so we will announce the assignment of new stocks for those outside of shareholders.

• under –

1. Type of new shares: conversion preferred stock (CPS)
2. Total number of new shares: 10,526 shares
3. 1 Price amount: 500 won
4. 1 week issuance amount: 190,000 won
5. Payment date: March 23, 2022
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.

March 2, 2022

PuzzleAI Co., Ltd.

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

CEO Kim Yong-Sik (Seal omitted)