Notice on Issuance of Stock Options as Stock-based Compensation
(WorldNews Japan)

March 22, 2019 To Whom It May Concern Company name GungHo Online Entertainment, Inc. Representative Kazuki Morishita, Representative Director & President, CEO (Securities code:3765) Contact person Kazuya Sakai, Director & CFO, Executive General Manager of Finance Accounting Division (TEL:03-6895-1650) Notice on Issuance of Stock Options as Stock-based Compensation (Stock Acquisition Rights) This is to inform you that the Company passed a resolution at the Board of Directors meeting held on March 22, 2019, that the Company would issue the following guideline on the subscription of the Stock Acquisition Rights and recruit shareholders accepting the subscription. The said Stock...