IR briefing,

Full-year earnings forecast for FY2022 and Future overseas expansion

GOLF DIGEST ONLINE INC.

(JPX code3319)

September 22, 2022

  1. Overseas business strategyVideo
  2. Acquisition of additional equity interest in U.S.GOLFTEC and Financing
  3. Consolidated Earnings Forecast for 2022
  • September 22nd Disclosure

1. " Notice regarding Additional Acquisition of Equity Interest in Consolidated Subsidiary, Issuance of Class A Preferred Shares by way of Third-party Allotment,

Amendment of Articles of Incorporation, and Reduction in Amounts of Stated Capital and Capital Reserve "

  1. " Notice of Revision to Full-Year Financial Forecast "
  2. " Notice regarding Calling of Extraordinary Shareholders Meeting and Fixing of Record Date Therefor "

© Golf Digest Online Inc.

2

CHAPTER

01

Overseas business strategy

<Click here for video>

© Golf Digest Online Inc.

CHAPTER

02

Acquisition of additional equity interest in

U.S. GOLFTEC and Financing

© Golf Digest Online Inc.

Acquisition of additional equity interest in U.S. GOLFTEC

GDO

100%

37%

GDO

GTE Step1

Sports

HoldCo

60%40%

U.S.GOLFTEC

100%

GOLFTEC ST

LLC

(New LLC)

GDO

100%

GDOU.S.

GOLFTEC

Sports Executive

97%3%

U.S.GOLFTEC

100%

GOLFTEC ST

LLC

(New LLC)

  • 37% acquisition price is 85.7M USD
  • Of the 40% GTE Step1 HoldCo, 37% was acquired by GDO Sports and 3% to be held by the CEO and a board member
  • Financing through debt and class shares with no dilution to existing sharehorders (No conversion rights to common stock)

© Golf Digest Online Inc.

5

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Golf Digest Online Inc. published this content on 22 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2022 09:11:02 UTC.