GRVY Gravity Co Ltd

GRAVITY Co., Ltd. (NasdaqGM: GRVY) ("Gravity" or "Company"), a developer and publisher of online and mobile games, announced the launch of Ragnarok: Novice Hearts (Tentative English Title, "Novice Hearts") in Taiwan, Hong Kong, and Macau on June 6, 2024, at 10:00 AM in local time. It has ranked first in Taiwan and Macau and second in Hong Kong in the Top Grossing and Free Game Downloads on the Apple App Store. On Google Play, it has ranked first in Free Game Downloads in all three regions.

Novice Hearts is a retro-concept MMORPG that recreates the core elements of the original Ragnarok Online, including graphics, costumes, and UI, on mobile devices. It includes new features such as a real-time marketplace, MVP Boss Garden, and large-scale PVP as well as guild systems, key field, BGM, and other content based on the original game to enhance player satisfaction.

The game is published by GRAVITY Game Vision Ltd ("GGV"), Gravity's subsidiary in Hong Kong, and is available for download and play on Google Play, Apple App Store, and Google Play Games.

GGV stated, "We are grateful for the support in Taiwan, Hong Kong, and Macau. We have prepared various events to celebrate the launch, so please enjoy the benefits and continue to support Novice Hearts."

[Ragnarok: Novice Hearts (Tentative English Title) official website_Taiwan, Hong Kong, Macau] https://roba.gnjoy.hk/

[Gravity Official Website] http://www.gravity.co.kr

About GRAVITY Co., Ltd. ---------------------------------------------------

Gravity is a developer and publisher of online and mobile games. Gravity’s principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 markets and countries. For more information about Gravity, please visit http://www.gravity.co.kr.

Contact:

Mr. Heung Gon Kim Chief Financial Officer Gravity Co., Ltd. Email: kheung@gravity.co.kr

Ms. Jin Lee Ms. Shin Choi IR Unit Gravity Co., Ltd. Email: ir@gravity.co.kr Telephone: +82-2-2132-7800