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

To shareholders,

Securities code: 3765

March 30, 2026

1. , Marunouchi, Chiyoda-ku, Tokyo GungHo Online Entertainment, Inc. President & CEO Kazuya Sakai

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

   We hereby announce that the matter outlined below were reported and resolved at the 29th Annual General Meeting of Shareholders.

   Matters reported

   1. The Business Report and the Consolidated Financial Statements for the 29th term (from January 1, 2025 to December 31, 2025), and the Audit Results of the Consolidated Financial Statements by the Accounting Auditor and the Board of Corporate Auditors.

   2. The Non-consolidated Financial Statements for the 29th term (from January 1, 2025 to December 31, 2025)

Substance pertaining to 1 and 2 above was reported.

Matters resolved Proposal 1: Election of Ten (10) Directors

This proposal was approved and resolved in original form. The ten candidates, Kazuki Morishita, Kazuya Sakai, Yoshinori Kitamura, Koji Yoshida, Akihiko Ichikawa, Hidetsugu Onishi, Susumu Tanaka, Etsuko Hara were re-elected and the two candidates, Hiroyuki Uchida and Emiko Maki were newly elected and all ten candidates assumed office as Directors.

Proposal 2: Revision of the Amount of Performance-Linked Compensation (Monetary Compensation) for Directors

This proposal was approved and resolved in original form.

Proposal 3: Determination of Remuneration for Granting Performance-Linked Restricted Stock

This proposal was approved and resolved in original form.

Proposal 4: Proposal for acquisition of treasury shares from specific shareholders This proposal was rejected.

Proposal 5: Proposal for the appropriation of surplus This proposal was rejected.

Proposal 6: Proposal to amend the Articles of Incorporation with respect to the organization for determining dividends from surplus

This proposal was rejected.

Proposal 7: Proposal to amend the Articles of Incorporation with respect to the appointment of the presiding chair of the Board of Directors

This proposal was rejected.

Proposal 8: Proposal to amend the Articles of Incorporation with respect to the appointment of the chairman of the Board of Directors

This proposal was rejected.

Proposal 9: Proposal to amend the Articles of Incorporation with respect to disclosure of sales by title

This proposal was rejected.

Proposal 10: Proposal to partially amend the Articles of Incorporation (establishment of a third-party committee and publication of the investigation report)

This proposal was rejected.

Proposal 11: Proposal to partially amend the Articles of Incorporation (disclosure of cost of capital)

This proposal was rejected.

Proposal 12: Proposal to partially amend the Articles of Incorporation (individual disclosure of directors’ remuneration)

This proposal was rejected.

Proposal 13: Proposal to acquire treasury shares This proposal was rejected.