September 13, 2017
For the attention of all interested parties
Company name: Enigmo Inc.
Name of representative: Shokei Suda, representative director and chief executive officer(TSE Mothers: 3665)
Enquiries: Yoichi Kaneda, executive and head of Corporate Operations Headquarters
TEL. 03-6894-3665

Notification concerning the dissolution of a consolidated subsidiary in South Korea
This is to notify that a decision was made at a meeting of the board of directors held on September 13, 2017, to dissolve
Enigmo Korea Inc., our consolidated subsidiary located in South Korea.
Details
1. Reasons for the dissolution and liquidation of this consolidated subsidiary
Enigmo Korea Inc. was established with the main aim of operating BUYMA KOREA, a social shopping site in SouthKorea. Following its establishment, this subsidiary worked earnestly to develop its business operations. We have since
been considering ways to optimize our group’s business investments in view of the future as part of our efforts toselect and bring together our management resources as we seek to develop and expand our overseas businesses. As aresult, the decision was made to consolidate BUYMA KOREA with BUYMA.US, another of our consolidated
subsidiaries, and to dissolve and liquidate BUYMA KOREA.
2. Profile of Enigmo Korea Inc.
(1) Name(2) Address(3) Name and position ofrepresentative(4) Content of business(5) Capital funds

Enigmo Korea Inc.
3-36 Sinmun-ro, Jongno District, Seoul Special Metropolitan City
Sumifusa Iida, representative executive officer
Operation of a social shopping site, “BUYMA KOREA”
210,000,000 KRW (20,349,000 JPY)
* 100 KRW calculated as 9.69 JPY (the exchange rate as of September 12, 2017)
April 4, 2013
Enigmo Inc.: 100%

(6) Date of establishment(7) Major shareholders andratio of share holding(8) Relationship between
Capital relationship Enigmo Korea Inc. is funded 100% by Enigmo Inc.
Enigmo Korea Inc. (the listedcompany) and Enigmo Inc.
Personnel
Enigmo Korea Inc.’s board of directors comprises of 3
relationshipexecutives from Enigmo Inc., 1 auditor and 1 company employee.
Business relationship Enigmo Inc. has entered into a purchase representationagreement with Enigmo Korea Inc. and conducts businessbased on the content of this agreement.
Other pertinent
There are no other business relations between Enigmo Inc.
circumstancesand Enigmo Korea Inc. worthy of note.
pertaining to therelated parties
3. Timeframe for dissolution and liquidation
September 13, 2017: Decision made to dissolve and liquidate the consolidated subsidiary Enigmo Korea Inc. at a
meeting of the board of directors of Enigmo Inc.
December 20, 2017: Decision made to dissolve the extraordinary general meeting of shareholders at the subsidiary (scheduled)
March 31. 2018: Completion of liquidation of the subsidiary (scheduled)
4. Amount of loss resulting from the dissolution and future prospects
We predict an amount of loss resulting from the dissolution of Enigmo Korea Inc. in the region of 18 million JPY.
Note that this predicted amount of loss has been incorporated within the following other notification released today:“Notification concerning the revision of our consolidated performance forecast and calculation of extraordinary losses.”End