Exhibit 99.1
DoubleDown Interactive Announces
Results of 2023 Annual General Meeting
SEATTLE, WASHINGTON – March 29, 2023 — DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading gaming company, delivering unique player experiences across a variety of genres, announced today that at the annual general meeting of shareholders (the “AGM”) held on March 29, 2023 at 11:00 a.m., Korea Standard Time (March 28, 2023 at 10:00 p.m., U.S. Eastern Time) in Seoul, Korea, the following actions were taken by the shareholders of record as of December 31, 2022 on the proposed resolutions:
1. | Approval of the 15th financial statements for the fiscal year ended December 31, 2022; |
2. | Rejection of the shareholder proposal for a declaration of a cash dividend in the aggregate amount of $50,000,000 as proposed by STIC Special Situation Diamond Limited; |
3. | Approval of the amendment to business purposes of the Company under Chapter I, Article 2 of the Company’s Articles of Incorporation; |
4. | Re-election of each of Yanghoon Cho and Jaesung Chung (whose current terms will expire in May 2023) as a non-executive independent director of the Company for a new three-year term commencing on May 20, 2023 and ending on May 20, 2026; |
5. | Approval of the aggregate remuneration limit of KRW5,000,000,000 for independent directors and executive officers for the fiscal year ending December 31, 2023; and |
6. | Ratification of the appointment of Samil PricewaterhouseCoopers as the independent registered public accounting firm of the Company for the fiscal years ending December 31, 2023, 2024 and 2025. |
About DoubleDown Interactive
DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. We are the creators of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. Our 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.
Company Contact:
Joe Sigrist
ir@doubledown.com
+1 (206) 773-2266
Chief Financial Officer
https://www.doubledowninteractive.com
Investor Relations Contact:
Alex Thompson
Gateway Group
1-949-574-3860
DDI@gatewayir.com