Vision Inc. informed that the company has begun specific discussions with uCloudlink Group Inc. toward the establishment of a joint venture. The Company has been partnering with uCloudlink to provide services utilizing cloud SIM techniques. By mutually utilizing the purchasing and marketing strengths of both companies, the company has begun to discuss specifically and consider the future expansion of the global telecommunications services market and the establishment of a joint venture with the aim of increasing the business value of both companies.

The outline of the joint venture company (name of the joint venture company, address of the headquarters, date of establishment, etc.) will be discussed and decided in the future. The Company will inform as soon as the details of the establishment of the joint venture are decided. In the future, if it becomes clear that this case has a significant impact on the company's business results, the company will disclose the details in a timely manner.