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[Financial News] Stone Bridge Ventures, SV Investments, Base Investments, Switzerland, parent company 111% invested in Rich Alien. According to the investment banking industry on Wednesday, 111 percent of Stone Bridge Ventures, SV Investments, Base Investments, Switzerland and its parent company participated in Rich Alien's seed round investment worth 11.5 billion won. 111 percent invested 2 billion won. Through this, Rich Alien plans to aggressively develop its business to target the global market with high-quality mid-core casual games based on popular IP. Starting with this investment, Rich Alien plans to launch the urban management simulation game "Kaiji: City of Furious" based on the IP of Japan's famous cartoon "Gambling Look Kaiji" globally, starting in Japan in the second half of this year. "Cascade Kings," a three-matching puzzle game, will also be released globally starting in North America within this year. Cascade Kings is a social game in which users compete by raiding, looting, and defending their villages with goods acquired through three matches. Rich Alien was founded back in 2021 as a 111 percent subsidiary. It was established to focus on creating immersive mobile games, from casual, globally oriented social games to popular animation and webtoon IP-based mid-core games. Director Choi Sung-wook, who joined Rich Alien as 111 percent business strategy director, is the representative of Rich Alien. He is in charge of Rich Alien based on his business achievements and experience, such as serving as the team leader of the game business team at Kakao and business general and external cooperation at Line Games. CEO Choi said, "Rich Alien will strive to secure an unrivaled position in the IP-based mid-core casual game genre through strategic collaboration between famous IPs at home and abroad, while fostering its own IP with casual games suitable for global market," adding, "Through this investment, we will not only successfully settle the market of the two games scheduled to be released this year, but also secure new IPs to target more aggressive markets in earnest." Song Young-don, director of Stone Bridge Ventures, said, "Rich Alien is a game developer that targets the global market with proven game elements, IP, and AI technology that can reduce costs. CEO Choi Sung-wook and 111 percent who have success experience in the game industry have an organization and operation structure that can quickly develop mid-core games. We look forward to establishing ourselves as a global game company with a number of high-quality mid-core games." Jung Ju-wan, director of SV Investment, said, "We already have super-gap business capabilities and team buildings, including 111 percent of the parent company's global business capabilities and C-levels with more than 20 years of experience based on infrastructure, and we highly appreciated our global strategy." Reporter Kang Gu-gui

Rich Alien is comprised of people with over 10 years of experience from 3N+2K, and aims to develop a high-quality mid-core game within 1-2 years based on Manpower, with 111% of Random Dice Defense. Established in 2021 as a subsidiary.We aim to maximize our impact in targeting the global market by leveraging famous Japanese/North American animation and Korean webtoon IPs. In terms of game core production, we seek synergy with our parent company, 111%, to shorten the development period to maximize the attractiveness of the IP. We are creating a game that can be released.In the long term, we plan to foster and develop our own IP and grow into a Game Focused IP Holding Company, and are also collaborating with large publishers to provide stable services.Recently, in a difficult financial market environment, the possibility of a growth strategy was recognized and succeeded in attracting 11.5 billion won in investment, and in May, the company moved to an office located within a 1-minute walk from Gangnam Station Line 2.

111% subsidiary Rich Alien (CEO Seong-wook Choi) announced that it will attract seed round investment worth KRW 11.5 billion and begin targeting the global market in earnest. This investment was participated by leading domestic investors, including co-lead investors Stone Bridge Ventures and SV Investment, as well as Base Investment and SW, and 111% of the parent company participated in the investment worth 2 billion won. Through this, Rich Alien plans to aggressively expand its business to target the global market with high-quality mid-core casual games based on popular IPs. Starting from this investment, Rich Alien plans to launch the city management simulation game ‘Gambling Apocalypse Look Kaiji’ is a popular Japanese comic with over 30 million readers worldwide and a long-term, solid fan base. The game is an original story connected to Kaiji's main volume, Part 3, Gambling Rogue, in which the player, who gains hope in life after breaking through Kaiji's “swamp,” goes from being a foreman at an underground forced labor facility to a top businessman comparable to the Jeae Group. It is a story of being born again. The player secures funds through the “Golden Swamp” and expands the business by rescuing debtors from the workhouse and making them colleagues. By cooperating with or confronting various original new characters as well as attractive characters from the original work, the player You will grow your own business. Source: Man’s Lab (http://www.manzlab.com)