Announcement of the Establishment of Palworld Entertainment, Inc.

Pocketpair, Inc. (Representative Director: Takuro Mizobe) is pleased to announce that we have agreed to establish a joint venture company, Palworld Entertainment, Inc., in collaboration with Sony Music Entertainment (Japan) Inc. (Headquarters: Chiyoda-ku, Tokyo; President and Representative Director: Shunsuke Muramatsu) and Aniplex Inc. (Headquarters: Chiyoda-ku, Tokyo; President and Representative Director: Atsuhiro Iwakami) to promote the licensing business of Palworld, both domestically and internationally.

For more information, please refer to the press release issued by Sony Music Entertainment (Japan) Inc.