Netmarble : Decision on Transfer of Sharesor Investment Certificatesof Other Corporations
August 04, 2022 at 04:57 am EDT
Share
Decision on Transfer of Shares or Investment Certificates of Other Corporations
1. Details of issuing company
Name of company
SpinX Games Limited
Nationality
Hong Kong
Representative
Liang Zhang
Capital stock (KRW)
482,061,601,306
Relationship to company
Affiliated company
Total number of shares issued
369,000,001
Main business
Game publishing and operation business
2. Details of transfer (disposal)
Number of shares to be transferred
210,000,000
Total value of transfer (KRW)
274,344,000,000
Equity capital (KRW)
6,007,658,886,345
Ratio to equity capital (%)
4.57
Classified as a large-scale corporation?
Yes
3. Number of shares held and shareholding ratio after transfer
Number of shares held
159,000,001
Shareholding ratio (%)
100.0
4. Purpose of transfer
Capital reduction of the subsidiary SpinX Games Limited (stock cancellation)
5. Scheduled transfer date
2022-09-07
6. Date of board resolution (decision date)
2022-08-02
-Attendance of outside directors
Present (No.)
1
Absent (No.)
0
-Attendance of auditors (members of Audit Committee who are not outside directors)
Absent
7. Subject to reporting to the Fair Trade Commission?
No
8. Signed a put option contract, etc.?
No
-Details of agreements
-
9. Other matters to be factored into investment decisions
- This disclosure is made in accordance with the decision of paid-in capital reduction of SpinX Games Limited, a subsidiary in which the Company owns a 100% equity interest, and SpinX Games Limited, a subsidiary, will purchase and retire 210,000,000 common shares from the Company at 1 USD per share, which is equivalent to the par value, in accordance with the decision of paid-in capital reduction.
- The capital stock of 1. Details of issuing company above and Disposal amount of 2. Details of disposal above are the amounts converted into the Korean Won by applying KEB Hana Bank's initial basic exchange rate (KRW/USD = 1,306.40) as of the date of disclosure.
- The 5. Scheduled transfer date above is the scheduled deadline, and the disposal may be completed before the relevant date depending on the progress.
- The 6. Date of board resolution above is the date of resolution of the board of directors of SpinX Games Limited, a subsidiary.
- The Condensed Financial Statements of Issuing Company are based on the consolidated financial statements of SpinX Games Limited in accordance with international accounting standards and has not been audited or reviewed by an auditor. As for the Condensed Financial Statements of Issuing Company below, the financial statements are prepared as of the end of 1Q 2022 (the current fiscal year), the end of 2021 (the previous fiscal year), and the end of 2020 (two fiscal years prior).
※ Related disclosure
2022-08-02 Decision on Capital Reduction (Material Business Matters of Subsidiary Company)
【Condensed Financial Statements of Issuing Company】(in KRW)
Category
Total assets
Total liabilities
Total shareholders' equity
Capital stock
Sales
Net income
External auditor's opinion
External auditor
Current fiscal year
452,638,883,682
88,697,505,113
363,941,378,569
482,061,601,306
186,381,462,087
34,256,433,355
-
-
Previous fiscal year
405,005,826,806
75,602,337,752
329,403,489,049
482,061,601,306
757,631,495,709
126,720,714,907
-
-
Two fiscal years prior
259,659,596,309
55,790,407,718
203,869,188,590
194,653,600,000
564,470,635,523
125,794,183,979
-
-
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Disclaimer
Netmarble Corp. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 08:56:04 UTC.
Netmarble Corp, formerly Netmarble Games Corp, is a Korea-based company principally engaged in the development and publishing of mobile games. The Company has developed games, including Seven Knights, Modoo, Cookie Jam, Lineage 2 Revolution, Marvel Future Fight, Panda Pop, MaguMagu and others. It also involves in the real estate leasing business. The Company sells its products in domestic and overseas markets such as China, the United States, Turkey, Thailand and Indonesia.