Notice of Resolution of the 29th Annual General Meeting of Shareholders

The 29th Annual General Meeting of Shareholders for GungHo Online Entertainment, held on March 30, 2026, served as the formal venue for reporting the company’s financial performance for the 2025 fiscal year and confirming its corporate governance structure. The meeting focused on the review of consolidated and non-consolidated financial statements for the period spanning January 1, 2025, to December 31, 2025, alongside the audit results provided by the accounting auditor and the Board of Corporate Auditors.

Shareholders approved all three company-sponsored proposals, which centered on leadership and executive compensation. The board successfully elected ten directors, including the re-election of eight incumbents and the appointment of two new members. Furthermore, the assembly ratified revisions to the performance-linked monetary compensation framework for directors and established new parameters for the granting of performance-linked restricted stock. These measures reflect a strategic focus on aligning executive incentives with long-term corporate performance.

Conversely, the meeting saw the rejection of ten proposals submitted by shareholders. These rejected motions covered a broad spectrum of corporate governance and operational transparency issues, including requests for the acquisition of treasury shares, the appropriation of surplus, and various amendments to the Articles of Incorporation. Specifically, shareholders failed to pass proposals requiring the disclosure of sales by individual game title, the establishment of third-party investigative committees, the disclosure of the cost of capital, and the individual disclosure of director remuneration. Consequently, the company maintains its current governance and disclosure policies, signaling continued support for the existing management strategy and board oversight mechanisms.