Gala Incorporated : Matters Concerning Controlling Shareholders etc.

NOTE: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

	April 23, 2024
Company Name	Gala Inc.
Representative's name	Hyunsu Kim, Representative
	Director and Group CEO
	(Code: 4777, Standard Market)
Contact	Yuki Okamoto, Director and CFO

Matters Concerning Controlling Shareholders, etc.

The Company hereby announces the following matters concerning controlling shareholders, etc. with respect to Megazone Cloud Corporation which is the Company's other associated company.

1. Trade names, etc. of the parent company, controlling shareholder (excluding parent company) or other associated company.

					(As of December 31, 2023)
		Percentage of voting rights (%)	Financial instruments exchanges,
Name	Relationship				etc., where issued share certificates
Direct	Indirect	total
		ownership	Ownership	are listed
Megazone	Other
associated
Cloud	30.79	―	30.79	―
affiliated
Corporation
company

2. Position of a listed company within the corporate group of the parent company, etc. and other relationships between the listed company and the parent company, etc.

Megazone Cloud Corporation owns 30.79% of the voting rights of the Company and is another affiliated company. Additionally, Megazone Cloud Corporation has adopted IFRS for its consolidated financial statements, and the Company is a subsidiary when applying IFRS.

Megazone Corporation, the parent company of Megazone Cloud Corporation, and its group companies (hereinafter referred to as the "Megazone Group") primarily engage in the cloud service business. On the other hand, our group is mainly engaged in the game business, but we are working with the Megazone Group to develop cloud-related businesses and the Meta Campus business as new businesses.

The concurrent positions of officers and employees of the Company's directors at the parent company, etc. are as follows.

(Status of concurrent positions of officers)

Post	Name	Title at the parent company,	Reason for assuming the
etc.	positions
Director	Dongyeon Won	Megazone Cloud Corporation	To obtain appropriate opinions and advice
executive vice president	regarding the management of our group
Outside	Hyungwoo Chon	Megazone Cloud Corporation	To obtain appropriate opinions and advice
director	DirectorGeneral Counsel	regarding the management of our group

Outside		Megazone Cloud Corporation	To obtain appropriate opinions and advice
Jooyoung Lee	Strategic Planning Department
director	regarding the management of our group
	Manager

(Note) Of the 12 directors and 3 auditors of the Company, only these 3 hold concurrent positions with other affiliated companies.