Notice of the 23rd Annual General Meeting of Shareholders

We wish all our shareholders good health and prosperity.

In accordance with Article 363 of the Commercial Act and Article 16 of the Articles of Incorporation, AJ Networks Co., Ltd. hereby convenes the 23rd Annual General Meeting of Shareholders as follows:

1. Date and Time

March 29, 2023 (Wednesday), 09:00 AM (Korea Standard Time, UTC+9)

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 the Appointment of External Auditor

- Report on the Operation Status of the Internal Accounting Control System

B. Resolutions

Agenda Item 1: Approval of the 23rd 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 the Remuneration Limit for Directors

Agenda Item 6: Approval of the Remuneration Limit for Auditors

March 14, 2023

AJ Networks Co., Ltd.

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

Chief Executive Officers Dae Hyun Park, Sam Dal Son