Business Integration Agreement

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SoftBank Group Corp. announced today that its consolidated subsidiary SoftBank Corp. (TYO:9434), Z Holdings Corporation and LINE Corporation, a consolidated subsidiary of NAVER, have entered into a final agreement on the integration of the ZHD Group (consisting of ZHD and its subsidiaries) and the LINE Group (consisting of LINE and its subsidiaries). Under these conditions, softBank, as part of SoftBank`s “Beyond Carrier” strategy, goes beyond the development of a telecommunications operator as part of SoftBank`s “Beyond Carrier” strategy, through the cooperation between softBank Group companies and the main companies in which they invest, and aims to develop new companies using the most advanced technologies in the world, such as AI and IoT*2. At the same time, NAVER aims to transform and innovate the world`s most advanced technologies to deliver services that go beyond the Republic of Korea`s largest search machine. Business Integration aims to bring together the business resources of the ZHD Group, which offers various services in Japan and has a stable user base (67.43 million monthly users on average and 140 million MAU for applications) and abundant assets (consolidated assets: 2,795,895 million yen) and the LINE Group, which has an abundant service offering and a user base of $82 million per month. n Users in Japan and 104 million monthly users has active users overseas to provide Japanese users with a comfortable experience and update Japanese society and industry by strengthening existing businesses and investing in expansion into new business sectors. By continuing to develop this innovative model worldwide, SoftBank wants to be a leading company, which is a driving force in Japan, Asia and the world. Business integration provides for commercial cooperation between SoftBank, NAVER, ZHD and LINE in a large number of sectors and sectors, including AI, Internet research, telecommunications, advertising, payment processing, communication, etc., and is able to increase the business value of SoftBank and NAVER: in the case of SoftBank, through the creation of new growth at ZHD, a key part of SoftBank`s Beyond Carrier strategy and the creation of new business opportunities in the 5G era; and, in the case of NAVER, supporting its efforts to establish itself as a leading AI-based IT company and accelerate the growth of its Fintech services*3 with the most advanced technologies. . . .