Notice of Conversion of Crowd Cast, Ltd. into an Equity-Method Associated Company

MTI Ltd. announces that Crowd Cast, Ltd. (hereinafter “Crowd Cast”) will become an equity-method associated company of the Company. In addition to its holding of Class B preferred shares of Crowd Cast (shareholding ratio: 15.44%) which were acquired in November 2017, the Company reached an agreement with Crowd Cast to appoint one director of Crowd Cast.

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