DoubleDown Interactive (NASDAQ: DDI), a leading developer and publisher of digital social casino games, is releasing the results of its extraordinary general meeting (“EGM”) of shareholders. The meeting was held on Aug. 26, 2022, at 11 a.m. in Seoul, Korea. Those eligible to attend and vote were shareholders of record as of Aug. 3, 2022. During the meeting, voting shareholders approved and adopted several resolutions as originally proposed by DDI’s board of directors. Those resolutions included the re-election of In Keuk Kim, Joseph A. Sigrist, Ki Chul Kim and Haenam Kim, whom are all currently serving as company directors; the individuals were elected to new three-year terms that will expire on Aug. 25, 2025. In addition, Whanlim Kim was elected as a nonexecutive independent director of the company, also for a three-year term ending on Aug. 25, 2025. Shareholders also approved the proposed reduction of the company’s capital reserve in the amount of KRW 70,000,000,000. The company noted that following the voting, DDI now has three nonexecutive independent directors on its board. The company’s two additional nonexecutive independent directors, Yanghoon Cho and Jaesung Chung, have three-year terms that expire in May 2023 and are not up for reelection at this EGM. The company also announced that it has donated $10,000 to the American Society for the Prevention of Cruelty to Animals(R) (“ASPCA”). The donation is in support of the organization’s mission to prevent cruelty to animals throughout the United States. As part of its donation, DoubleDown Casino will invite its millions of players worldwide to players to show support by taking part in a play-to-enter event called Paws for the Cause; the event is scheduled for today, Aug. 31, 2022. “We are committed to charitable outreach as a principle, and we seek to support organizations that not only resonate with us but with our players as well,” said DoubleDown CEO In Keuk Kim in the press release. “Players have expressed appreciation in past years when we partnered with various animal organizations, making it clear that our fans feel as strongly as we do about animal welfare. We are pleased to make this donation to the ASPCA.”
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About DoubleDown Interactive Co. Ltd.
DoubleDown Interactive is a leading developer and publisher of digital games on mobile and web-based platforms. The company is the creator of multiformat interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. DDI’s flagship title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games. For more information about the company, visit www.DoubleDownInteractive.com.
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