Notice of New Share Issuance by Capital Increase

The board of directors of NeoCrema Co., Ltd., held on March 4, 2019, resolved to convert reserves into capital as specified below, and accordingly, issue new shares.

Details

1. Amount and Sources Transferred to Capital: Capital Reserves (Share Issuance Premium) KRW

2. Matters Related to the Issuance of New Shares from Capital Increase

(1) Type of Shares: Registered Common Shares

(2) Number of Shares Issued: 5,390,000 shares

(3) Par Value per Share: KRW 500 per share

(4) Reference Date for Allocation of New Shares: March 18, 2019

(5) Dividend Calculation Starting Date for New Shares: December 31, 2018

(6) Method of Allocating New Shares: New shares will be allocated to shareholders listed in the shareholder register as of 09:00 on March 18, 2019, in proportion to the number of shares they own.

March 4, 2019

NeoCrema Co., Ltd.
Room 714, Building A, 11 Beobwon-ro 11-gil, Songpa-gu, Seoul (Munjeong-dong, Munjeong Hyundai Knowledge Industry Center 1-1)
CEO Jae-Hwan Kim