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Incorporation of a subsidiary

2022.08.12
1. Subsidiary
   - Company name: CJ Investment Inc. (former Timewise Investment)
   - CEO: Kim Do-hwan
   - Major business: Venture capital
   - Summarized financial statement (KRW in millions)
   Total assets: 18,591
   Total liabilities: 2,343
   Shareholders’ equity: 16,248
   Capital stock: 10,000
2. Share ownership of the holding company after incorporation
   - 2,000,000 shares (100%)
3. Investment amount: KRW 22,132 million (0.1% of total assets)
4. Number of subsidiaries
   - Before incorporation: 8
   - After incorporation: 9
5. Reason of incorporation: Acquisition of shares
6. Date of incorporation: Aug. 12, 2022
7. Date of conclusion by the BOD: Aug. 05, 2022 (Four outside directors attended.)