Nexsnow plans to raise funds to acquire a stake in 'OneStore' through a third-party allotment capital increase of approximately KRW 39.5 billion. Three companies — SK Square, NAVER, and Krafton — will participate in this capital increase.

KRW 39.5 Billion Third-Party Allotment Capital Increase Nexsnow announced through a regulatory filing that its board of directors resolved on the 18th to proceed with a third-party allotment capital increase issuing 17,171,788 shares of common stock. The issue price per share is KRW 2,300, and a total of KRW 39,495,112,400 is expected to be raised. All of the raised funds will be used for the acquisition of securities of another corporation.

The number of shares allocated to each participant in the capital increase is as follows: • SK Square: 12,111,300 shares • NAVER: 4,641,230 shares • Krafton: 419,258 shares

The payment date is June 26, 2026, and the scheduled listing date for the new shares is July 15, 2026. The newly issued shares will be issued through a private placement and placed under a one-year lock-up.

Securing OneStore Stake from SK Square, Naver, Krafton, and Others In conjunction with this capital increase, Nexsnow has entered into a share acquisition agreement for 'OneStore,' a company engaged in the information and telecommunications business and digital content provision. Nexsnow will acquire OneStore shares from SK Square, NAVER, Steel Number One No. 1, and Krafton.

The detailed acquisition details are as follows: • SK Square: Concluded a bond acquisition agreement worth KRW 16,314,990,000 and a share purchase agreement for 10,409,600 OneStore shares (45.78% stake) • NAVER: Concluded a bond acquisition agreement worth KRW 6,252,140,000 and a share purchase agreement for 5,472,673 OneStore shares (24.06% stake) • Krafton: Concluded a bond acquisition agreement worth KRW 564,770,000 and a share purchase agreement for 494,365 OneStore shares (2.17% stake)

Acquisition Price Determined Through External Valuation Firm The equity value of OneStore was determined based on the valuation results of the external appraisal firm Ichon Accounting Corp. The valuation firm applied the discounted cash flow (DCF) method to appraise the value per OneStore share in the range of KRW 2,923 to KRW 3,312, and the actual acquisition price per share was finalized at KRW 3,093.

The issue price of this capital increase (KRW 2,300) was set to match the reference share price (KRW 2,298), which was calculated based on the market price as of the day prior to the board resolution date, and no separate discount rate was applied.