November 30, 2022

Notice: Third Party Allocation of New Shares

As the Board of Directors resolved to allocate new shares to third parties on 30 November 2022, the Company announces the allocation of new shares to non-shareholders as follows.

  • Details
  1. Type of new shares: ordinary shares
  2. Total number of new shares: 12,500 shares
  3. Amount of one share: KRW 500
  4. Issue price of one share: KRW 200,000
  5. Payment date: 16 December 2022
  6. How to acquire new shares

: All new shares will be allocated to a third party, excluding the right of existing shareholders to subscribe for new shares, in accordance with Article 418 of the Commercial Act and Article 10, Paragraph 2 of the Company’s Articles of Incorporation.

  1. Financial institution for payment of shares: Daedeok-daero Branch of IBK
  2. Other matters: The details of the rights issue are entrusted to the CEO, and the schedule of this capital increase may be subject to change by the Company or related organisations.

30th November 2022

PuzzleAI Corporation

5F, 507, Gangnam-daero, Seocho-gu, Seoul, Korea (Banpo-dong, Shintaiyang Building)

CEO Kim Yong-Sik (seal omitted)

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