WonderPlanet Inc.(Location: Japan; Headquarters: Nagoya City, Aichi Prefecture; Founder and CEO: Tomoki Tsunekawa; TSE Growth: Securities Code 4199; hereinafter “WonderPlanet”), an entertainment company led by Founder and CEO Tomoki Tsunekawa, an entertainment service provider, announces that its Board of Directors has resolved at its ordinary meeting held on April 13, 2022, to establish a subsidiary company, WPBC Pte. Ltd., in Singapore to engage in blockchain game-related business.

Subsidiary Establishment Background and Purpose

With the rapid progress of the Web3 trend and the spread of the use of blockchain technology, the game-related business, one of our business domains, is expanding from its previous market domain to new market domains such as NFT, GameFi, and Metaverse.

We have been studying and discussing business development in these areas, both on our own and in collaboration with other companies. Through various studies and surveys conducted during this process, we have recognized the high potential for market growth in these areas. In particular, the penetration of these businesses among general consumers in overseas markets is progressing at a faster pace than in the Japanese market.

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We have been publishing smartphone games overseas developed by our company and our partners as a pillar of our business, and the system and know-how for publishing games overseas is one of the our strengths.

In order to leverage this strength and consider and promote various forms of business development centered on the overseas publishing business of blockchain games, we have decided to establish our wholly owned subsidiary “WPBC Pte. Ltd. Singapore, which was selected as our base location because of its favorable business environment for the overseas distribution of blockchain games.

Future Prospects

We will promote the development of an overseas publishing system for full-fledged entry into the business, centering on this subsidiary. At the same time, we will consider establishing a cooperative framework through business alliances and investments with game developers and blockchain-related companies.

For inquiries regarding business alliances and other matters related to this matter, please contact

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Management Planning Office, WonderPlanet, Inc.

Email : [email protected]

Inquiry form : https://wonderpla.net/en/contact/

Outline of Subsidiary to be Established

1.Name: WPBC Pte. Ltd.

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2.Location: Republic of Singapore

3.Business: Blockchain Game Business

4.Shareholder: WonderPlanet Inc. 100%

5.Establishment: May 2022 (scheduled)