Convening Notice of 27^th Annual General Meeting

Dear shareholders:
We hereby notify that the 27th Annual General Meeting of Shareholders of the Company will be held pursuant to Article 17 of the Articles of Incorporation of the Company.

1.    Date/Time: Tuesday March 29, 2022 at 9:00 KST

2.    Place: Multi Hall 1st floor of Space.1, 242, Cheomdan-ro, Jeju-si, Jeju-do, Korea

3.    Purpose of the 27th Fiscal Year General Shareholders' Meeting

1)     Items to report
: Audit report, Business report, Report on the operating condition of the internal accounting control system. 

2)      Agenda to vote:

◦    No. 1 Approval of Consolidated financial statements and Non-consolidated financial statements for the 27th period (January 1, 2021 - December 31, 2021), including the statement of disposition of retained earnings (draft), cash dividend (Dividend per share 53 KRW)

◦    No. 2 Partial change in the articles of the Company       
No. 2-1: Changes to the subject of granting stock options (Article 10)
No. 2-2: Changes in the order of acting on behalf of the chairman of the general meeting of shareholders (Article 18)        
No. 2-3: Extension of the interim dividend resolution date (Article 37-2)
No. 2-4: Changes to other provisions (Articles 8, 26, 36, Addendum)    

◦    No. 3 Appointment of directors (two inside directors)      
No. 3-1: Appointment of Hoon Namgoong as an inside director (two years)
No. 3-2: Appointment of Sung-soo Kim as an inside director (two years)

◦    No. 4 Approval of the ceiling of remuneration for directors (12 billion won)

◦    No. 5 Approval for granting stock options previously decided by the board of directors

◦    No. 6 Retirement of treasury stock

◦    No. 7 Revision of the payment regulations for directors' retirement allowance 

4.    Placement of the company’s managerial information

In accordance with Article 542-4 of the Commercial Act, the company's managerial information has been placed at the Company’s head office and transfer agency (KB Kookmin Bank Securities Agency). This information can also be viewed in the disclosure system of the Financial Services Commission or the Korea Exchange.

5.     Matters related to exercising voting rights by proxy

1)     At this general shareholders' meeting, shareholders may participate and exercise their voting rights directly or indirectly exercise their voting rights based on a power of attorney.

2)      If you wish to exercise your voting rights in accordance with electronic voting and electronic power of attorney, please refer to <6. Matters regarding the Exercise of Voting Rights by Electronic Means>

6.    Matters related to exercising voting rights by electronic means

Shareholders may exercise their voting rights through electronic means, without physical attendance or award an electronic power of attorney by referring to the following methods. 

1)     Electronic Voting Website

◦     PC: 「https://evote.ksd.or.kr」

◦      Mobile: 「https://evote.ksd.or.kr/m」 

2)     Period: March 19, 2022 at 9:00 a.m to March 28, 2022 at 5:00 p.m. (you may access the voting website 24/7 during this period)

3)     Shareholder may exercise voting rights for each agenda or award an electronic power of attorney after verifying his/her identity through authentication in the system

4)      Amendment motion

◦     If amendment motion on agendas presented at the AGM is submitted, electronic votes will automatically be abstained. 

7.    What to bring to the shareholders’ meeting:

◦     In-person: an identification

◦     Proxy: a power of attorney (with information of the relevant shareholder and the person with the power of attorney filled in, and duly executed and sealed), and an identification of the agent.

8.    Matters related to COVID-19

1)     In order to prevent the infection and spread of COVID-19, a shareholder may be restricted from entry, in case of suspected fever or an attempt to enter without a mask.

2)     In addition, depending on the social distancing stage on the day of the general shareholders’ meeting, the number of admission may be limited.

3)     The company will notify shareholders if there is an unavoidable change of location due to the spread of COVID-19

4)     Electronic voting and electronic power of attorney system is highly recommended to prevent the spread of COVID-19

February 25, 2022

Kakao Corp

Co-Ceo Mason Yeo, Sean Joh

Stock Transfer Agent: KB Kookmin Bank Jae-Geun Lee, President & CEO