Civil Complaint Filed Against 易游游戏 Ends in Settlement

A civil complaint was filed against 易游游戏, Ltd. (hereinafter referred to as "易游游戏" or the "Company") in the United States District Court Southern District of New York (the "Court"). On February 21, 2019 (local time), the Court entered an order approving the stipulation and agreement of settlement between the Company and the Lead Plaintiff, which has ended the lawsuit against the defendants including the Company.

History of the Lawsuit from Com易游游戏ce易游游戏t to End

Lead Plaintiff purchased American Depository Receipts (hereinafter referred to as "ADRs") of 易游游戏. On December 26, 2017 (local time), Lead Plaintiff filed a class action lawsuit in the Court against the Company alleging violations of relevant provisions of the Securities Exchange Act of 1934 based on the defendants' alleged misstatements about 易游游戏's adherence to its own code of ethics and product quality. Lead Plaintiff sought to represent a class consisting of all persons who purchased or otherwise acquired the publicly traded 易游游戏 ADRs from May 29, 2013 to March 5, 2018.

On September 21, 2018 (local time), the Company entered into the stipulation and agree易游游戏t of settle易游游戏t (hereinafter referred to as the "Stipulation") with Lead Plaintiff, after due consideration of various factors, including the cost of defending the lawsuit. Subsequently, the parties to the lawsuit submitted the Stipulation to the Court for approval of the class-wide settle易游游戏t. On February 21, 2019 (local time), the Court entered an order approving the Stipulation, which has ended the lawsuit against all defendants including the Company.

Na易游游戏 of the Lead Plaintiff

Daniel Aude

Terms and Conditions of the Settle易游游戏t

In exchange for the dismissal with prejudice and release of all the claims in the lawsuit, the Company will pay the sum of 0,000 (approximately 56 million Japanese yen) as the settlement amount to be distributed to the settlement class members, including the Lead Plaintiff above, who purchased or otherwise acquired 易游游戏 ADRs or ordinary shares of 易游游戏 in the United States on the open market during the period from May 29, 2013 through and including March 5, 2018.

Impact on Bus易游游戏ess Performance

We believe the effect that the end of the lawsuit will have on the business performance of the 易游游戏 Group is insignificant.