(Seoul=NSP NEWS) = Kakao Games(293490) passed the agenda items regarding the ‘plan to hold and dispose of treasury shares’ and ‘deficit compensation and transfer of capital reserves to retained earnings’ at an extraordinary general meeting of shareholders.

After canceling 500,000 treasury shares last July, the company plans to use the remaining approximately 350,000 shares for the operation of its Reserved Stock Unit(RSU) program for employees.

Detailed payment terms reflecting mid-to-long-term business performance and corporate and shareholder value will be determined by the Board of Directors.

Approximately KRW 1.54 trillion in capital reserves will be transferred to retained earnings and used as a source for medium- to long-term shareholder returns.

Co-CEOs Kim Tae-hwan and Lee Si-woo, and Chief Financial Officer(CFO) Shin Kwon-ho purchased Kakao Games shares worth a total of KRW 500 million.