GRVY Gravity Co Ltd

GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that 仙境传说：破晓 (“Ragnarok: Dawn”, Tentative English Title), a fantasy action MMORPG game, received an ISBN by Chinese government disclosed on June 5, 2024.

The game is co-developed by Guangdong Xinghui Teamtop Interactive Entertainment Co.,Ltd. (“Teamtop Interactive”), a game developer and publisher in China. Gravity entered into an agreement with Teamtop Interactive granting them the right to use the Ragnarok IP to develop and distribute the game in China.

Ragnarok: Dawn marks the second issued ISBN in 2024 as Ragnarok title following Ragnarok Online in February 2024. Also, Ragnarok Origin and Ragnarok X: Next Generation received ISBNs in August 2023 and in December 2023, respectively.

Ragnarok: Dawn is a Korean-style fantasy MMORPG that features major terrains, characters, and monsters from the Ragnarok universe, illustrated with warm tones to create a cartoon-like feel that reduces eye strain. In addition, the game simplifies combat operations with AI assistance, allowing for easier control.

Gravity said that “We are pleased that Ragnarok: Dawn obtained an ISBN. We are committed to preparing a high-quality game that players can enjoy at any time, ensuring excellent performance and success.”

Correction Ragnarok X: Next Generation received its ISBN from Chinese government in December 2023. An earlier version misstated this as December 2013.

Ragnarok: Dawn is not the fourth issued ISBN as Ragnarok title. An earlier version misstated this.

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