Notice of the 22nd Annual General Meeting of Shareholders

We sincerely wish all shareholders good health and peace in your home.

In accordance with Article 363 of the Korean Commercial Act and Article 16 of the Articles of Incorporation, AJ Networks Co., Ltd. will convene the 22nd Annual General Meeting of Shareholders will be held as follows:

1. Date and Time

March 29, 2022 (Tuesday), 09:00 AM

2. Venue

2nd Floor Conference Room, AJ Bldg., 8-9 Jeongui-ro, Songpa-gu, Seoul 05836, Korea

3. Meeting Agenda

A. Reports

- Business Report

- Audit Report

- Report on Appointment of External Auditor

- Report on Internal Accounting Control System Operation

B. Resolutions

Agenda Item 1: Approval of the 22nd Separate and Consolidated Financial Statements

Agenda Item 2: Approval of the Statement of Appropriation of Retained Earnings (Cash Dividend)

Agenda Item 3: Partial Amendments to the Articles of Incorporation

Agenda Item 4: Appointment of Directors

Agenda Item 5: Approval of Stock Option Grant

Agenda Item 6: Approval of the Remuneration Limit for Directors

Agenda Item 7: Approval of the Remuneration Limit for Auditors

Agenda Item 8: Approval of Executive Retirement Pay Regulations

March 14, 2022

AJ Networks Co., Ltd.

AJ Bldg., 8-9 Jeongui-ro, Songpa-gu, Seoul 05836, Korea

Chief Executive Officer Dae Hyun Park