Report of Disclosure Revision
Revision Date 2022-08-09
1. Disclosure Documents in relation with Revision Matters Related to Ad Hoc Public Disclosure Obligation (Fair Disclosure)
2. Submission date of documents 2022-02-09
3. Reason for Revision Decision on retirement of stocks
4. Revised Information
information before revision after revision
1. Details of information - Summary of ad-hoc public disclosure 3. Method of shareholder return : treasury stock acquisition or dividend
- Method of shareholder return will be decided by board resolution		 3. Method of shareholder return : treasury stock acquisition and retirement or dividend
- Method of shareholder return will be decided by board resolution
- Retirement of 3,751,792 shares, equivalent to 10% of the total issued stock, by 2024
(Currently, NHN has 3,070,925 treasury stocks that can be retired by the board resolution, and plans to acquire as many of the shares necessary for this retirement through further acquisition.)
- Retirement of 1,500,717 shares, equivalent to 4% of the total issued stock, in 2022.
4. Other matters to be factored into investment decisions - Above Shareholder Return policy was established to maintain predictability and consistency, and is subject to change depending on future management environment & other conditions. - Above Shareholder Return policy was established to maintain predictability and consistency, and is subject to change depending on future management environment & other conditions.

- Regarding the '3. Method of shareholder return' of '1. Details of information' above, NHN has acquired 1,480,000 shares of treasury stocks in 2022 and the acquisition value is approximately KRW 433 billion.

- By the board resolution on August 8, 2022, NHN decided to acquire and retire up to 10% of the total number of issued shares by acquiring and retiring additional shares by 2024. As part of the Shareholder Return policy in 2022, NHN will proceed retirement of 1,500,717 shares, which is equivalent to 4% of the total number of issued shares.(Currently, NHN has 3,070,925 treasury stocks that can be retired by the board resolution, and plans to acquire as many of the shares necessary for this retirement through further acquisition.)
For more information, please refer to the 'Retirement of Stocks' on August 8, 2022.

- The details of retirement of stocks in '3. Method of shareholder return' of '1. Details of information' will be disclosed after each of the board resolution.
-
Matters Related to Ad Hoc Public Disclosure Obligation (Fair Disclosure)
1. Details of information Disclosure title Shareholder Return policy for 2022~2024
Summary of ad-hoc public disclosure [Shareholder Return policy]

1. Purpose: To improve predictability by establishing a shareholder return policy based on business performance

2. Financial resources : At least 30% of EBITDA (operating Income + depreciation and amortization costs) for the previous business year

3. Method of shareholder return : treasury stock acquisition and retirement or dividend
- Method of shareholder return will be decided by board resolution
- Retirement of 3,751,792 shares, equivalent to 10% of the total issued stock, by 2024
(Currently, NHN has 3,070,925 treasury stocks that can be retired by the board resolution, and plans to acquire as many of the shares necessary for this retirement through further acquisition.)
- Retirement of 1,500,717 shares, equivalent to 4% of the total issued stock, in 2022.

4. Period and time of re-determination :For every three years (2022~2024)
Expected ad-hoc public disclosure date & time -
2. Details of information release Information providers NHN Corp. IR Team
Information recipients Analysts, institutional investors, press and individuals
Date & time of information release Earnings conference call/Internet live webcast
Title and place of event held -
3. Contact points (department/phone number) IR (1544-6859)
4. Other matters to be factored into investment decisions
- Above Shareholder Return policy was established to maintain predictability and consistency, and is subject to change depending on future management environment & other conditions.

- Regarding the '3. Method of shareholder return' of '1. Details of information' above, NHN has acquired 1,480,000 shares of treasury stocks in 2022 and the acquisition value is approximately KRW 433 billion.

- By the board resolution on August 8, 2022, NHN decided to acquire and retire up to 10% of the total number of issued shares by acquiring and retiring additional shares by 2024. As part of the Shareholder Return policy in 2022, NHN will proceed retirement of 1,500,717 shares, which is equivalent to 4% of the total number of issued shares.(Currently, NHN has 3,070,925 treasury stocks that can be retired by the board resolution, and plans to acquire as many of the shares necessary for this retirement through further acquisition.)
For more information, please refer to the 'Retirement of Stocks' on August 8, 2022.

- The details of retirement of stocks in '3. Method of shareholder return' of '1. Details of information' will be disclosed after each of the board resolution.
※ Related disclosure -

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NHN Corporation published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 03:15:05 UTC.