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Table of Contents

GOLFZON BY THE NUMBERS ......

GOLF INDUSTRY & GOLFZON IN S. KOREA ......

COMPANY OVERVIEW ......

HISTORY ......

BUSINESS PERFORMANCE & PUBLIC LISTED ......

WORLDWIDE ......

PRODUCT ......

OVERVIEW......

VISION ......

GDR ......

AWARDS & NEWS ......

TESTIMONIALS ......

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GOLFZON BY THE NUMBERS

63: Number of countries where GOLFZON has a presence including Antarctic.

30,000: Number of GOLFZON simulators in operation around the world.

6,200: GOLFZON sites in operation around the world.

150,000: Number of rounds playing on GOLFZON simulators daily.

356: Number of GOLFZON amateur tournaments open daily.

190: Number of courses on GOLFZON without additional updated costs.

16,140: Number of swing replay video uploaded online monthly.

2.5 million: Online GOLFZON members.

1.8 million: Number of downloads of GOLFZON App.

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GOLF INDUSTRY & GOLFZON IN SOUTH KOREA

Number of golfers in South Korea has been growing gradually while the number of golfers in the U.S. has been declining steadily.

In Korea, golf is no longer considered as a symbol of luxurious sport only for the elders. The age of golfers is getting younger and now golf is in daily lives of young generation. Younger demographic leads the growth in total number of golfers in Korea.

The primary reason is exposure to simulators. The conversion rate to an 18-hole experience is an astounding 85 percent. Now, the number of golfers who played indoors, also called screen golfers in South Korea, exceeded that of on-courses since 2009.

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Number of new golfers over the past one or two years surged by 34 percent, contributing to the overall number of golfers. Also, 85.5 percent of newbies with less than two years of experience are using screen golf bays.

According to the Golf Industry Report published by NGF, National Golf Foundation, when non-golfers are asked if they want to take up golf, 37 million Americans say they're either very interested or somewhat interested—that's up from 26.5 million in 2010.

And there is an evidence of the future of the golf, in Korea with GOLFZON.

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COMPANY OVERVIEW

Making Golf Enjoyable for Everyone

OLFZON is a leading global golf culture and a world best-selling golf simulator company. GOLFZON has successfully popularized golf simulator industry helping G people of all ages enjoy the sport without the restriction of weather and place.

With young people flowing into the market, GOLFZON has changed the indoor golf to a sound sports culture for leisure activities, social meetings and club activities. Indoor golf has developed into a typical leisure sport that is enjoyed by approximately 50 million people annually especially in South Korea.

Now, GOLFZON has a presence in 63 countries with 6,200 sites around the world.

For this success, there was GOLFZON’s extensive top-level, global technology experience. With about half of the GOLFZON employees being Research and Development Engineers, the company invests approximately 6.5 percent of its annual sales in R&D (average from 2010-15). Implementing ball movement and the technology of 3D virtual reality of golf courses are the unrivaled strengths of GOLFZON.

GOLFZON sets its ultimate target of achieving a new golf culture. The company, as a global leader in the golf industry, strives not only to export its simulators, but also to export the golf culture and to play a leading role in making a future of golf.

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HISTORY

2009-2010 2014-2015

May 2000 Established GOLFZON Apr 2014 Launched GGL (Global GOLFZON Live Online Sep 2006 Launched GOLFZON LIVE Service) Oct 2007 Launched ‘Swing Replay’ Oct 2014 Adopted GOLFZON Service simulators as an 'Official Golf Dec 2008 Achieve 100 billion won in Simulator of the LPGA’ sales Jan 2015 Opened Golf and Culture May 2009 Established GOLFZON JAPAN Complex Center ‘GOLFZON Jun 2009 Established GOLFZON ZOIMARU’ Networks Signing MOU with GolfTec

May 2015 Established GOLFZON NEWDIN HOLDINGS

2011-2013 Mar 2011 Established GOLFZON CHINA Apr 2011 Launched GOLFZON ACADEMY

Jan 2012 Business in partnership with GolfSmith

May 2012 Launched GTOUR (Professional Simulation Golf Tour)

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2016 2018

Mar 2016 Adopted GOLFZON GDR as Apr 2018 Established GOLFZON an ‘Official Train tool Supplier VIETNAM of Nation Golf Team of China’ Established GOLFZON Sep 2016 Established GOLFZON QINGDAO AMERICA Chosen as an Editors’ Choice Signing MOU with LeTV, Award winner for ‘Best China Simulator’ by

Nov 2016 Holding a 1st International Jul 2018 Adopted as an ‘Official Train GOLFZON Tournament tool Supplier of Spain Golf Federation’ Dec 2016 Exceed for 50 million rounds Aug 2018 Acquirement of Leadbetter

Golf Academy(LGA) 2017 Oct 2018 Holding a 3rd International GOLFZON Tournament Jan 2017 Adopted GOLFZON GDR as

an ‘Official Train tool Supplier of Nation Golf Team of Taiwan’ 2019 -

Apr 2017 Chosen as an Editors’ Choice Apr 2019 Chosen as an Editors’ Choice Award winner for ‘Best Award winner for ‘Best Simulator’ by Golf Digest Simulator’ by Golf Digest

May 2017 Adopted GOLFZON Nov 2019 Launching a new business simulators as an ‘Official Golf brand, ZSTRICT Simulator Partner of the Feb 2020 Signing MOU with Golf Saudi, NGCOA’ Saudi Arabia Jun 2017 Adopted GOLFZON

simulators as an ‘Official Golf Simulator of the MGA’

Sep 2017 Holding a 2nd International GOLFZON Tournament

www.golfzongolf.com [email protected] BUSINESS PERFORMANCE

GOLFZON’s annual sales amount has been growing constantly from its establishment and delivered 62% of Compound Annual Growth Rate for the last 10 consecutive years, which was 2 million USD in 2003, then 250 million USD in 2012. Now expanding our business in management, sales and other golf related business areas, GOLFZON will keep going forward the vision of becoming global golf industry leader.

450 450

390 390

369 369

366 366

356 356

313 313

249 249

185 185

163 163

114 114

87 87

27 27

10 10

4 4

3 3

2 2 1 1

02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

*UNIT : Million Us Dollar / EXCHANGE RATE : 1 USD = 1,165 KRW

**GOLFZON has been spin-off from GOLFZON NEWDIN HOLDINGS for the purpose of the indoor golf business in March 2015. KOSDAQ shares were also re-listed in April 2015.

PUBLIC LISTED

GOLFZON was listed in KOSDAQ(Korean Securities Dealers Automated Quotations) in 2011 with its market cap of nearly $350 million. (as of Jan. 2020)

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WORLDWIDE

We are challenging global frontier via network of overseas offices and distributors. There are 63 countries where people are meeting GOLFZON’s excellent products, including Asia, America, Europe with specialties such as Azerbaijan Presidential Palace, Antarctica Research Camp. Now we are looking for strategic partners who will help us create new golf culture.

Asia-Pacific Australia / Bangladesh / China / Guam / Hong Kong / India / Indonesia / Japan / Korea / Laos / Malaysia / Papua New Guinea / Singapore / Taiwan / Thailand /

Vietnam

Europe Andorra / Austria / Cyprus / Czechia / Denmark / Finland / France / Germany / Greece / Italy / Poland / Lativia / Netherlands / Russia / Slovakia / Sweden /

Switzerland / U.K.

Africa Algeria / Angola / Egypt / Gabon / Guinea / Libya / Mauritius / Morocco / Nigeria / South Africa

Middle East & Azerbaijan / Bahrain / Iraq / Israel / Kazakhstan / Kuwait / Oman / Saudi Arabia / Central Asia Turkey / Turkmenistan / Uzbekistan / U.A.E / Uzbekistan

America Bolivia / Canada / Haiti / Mexico / USA

The Antarctic Antarctic King Sejong Station / Antarctic Admiral Jangbogo Station

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PRODUCT OVERVIEW

VISION Premium

GOLFZON VISION + T1 Sensor

So realistic that you’ll forget you are playing golf indoors.

Recognized for “Best Golf simulator / Premium 2017-2018” by Golf Digest

VISION Standard

GOLFZON VISION + T2 Sensor

Convenient installation, competitive price, VISION Standard is your sensible choice.

Recognized for “Best Golf Simulator / Luxury 2019” by Golf Digest

VISION Compact

GOLFZON VISION + T3 Sensor

State-of-the-art technology, simple to setup while offering players a robust golfing experience.

Released in June 2018

GDR Standard

GOLFZON GDR + T2 Sensor

GDR lets you play and practice golf indoors in any weather with swing analytics. Simply better than your .

Chosen as the ‘official training systems’ of the National Golf Teams of Korea, China, Taiwan and Spain

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VISION

Rich Graphics, Real-time Feedback, Social Connectivity Platform. With vivid graphics, analytical training features, and online services platform makes VISION your ultimate golfing experience you can share.

Moving Swing Plate

Moving Swing Plate automatically adjusts to uphill, downhill, and side-hill lies by simulating course slopes from the box to the putting green. Player can control how much slope you get from the settings at the start.

Auto Tee-up

GOLFZON Auto Tee-up automatically collects and dispense golf balls for each shot. Tee heights are adjustable so that it can be positioned at the right height for player’s driver, every time.

High-Definition & Realistic 3D Graphic

All GOLFZON courses are captured in mesmerizing high definition combined with Moving Swing Plate’s variable ground settings give golfers an unmatched real-play experience.

GOLFZON Live Festival (GLF)

GLF is a unique online social platform that enables you to play outside of your walls with your golf buddies, group, or a league. No other simulators have this capability.

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Record, Save and Share

All of round records can be synced to web & app. If a user sign in with his account, the records such as scorecard, swing replay, green in regulation, and average distance will automatically be saved for the user to check and compare later on.

GDR

GOLFZON makes its practice sessions smart by providing you with critical swing data that analysis distance, trajectory and club specific ball flight characteristics. Fine tune your and performance with our accurate analytics and performance system that pin points your area of improvement. Choose from our customizable options that best suit your game.

Driving Center Mode

Use every club in the bag to fine-tune your swing, ball-striking, ball flight and distance. Use "Pendulum mode" if you’re beginner. Try “Swing Tempo" mode to improve consistency. “Fitting" mode provides club-specific shot data.

Challenge Mode

This mode is divided into tee shots, pitch shots and chips. Earn the necessary points within five practice sessions, and you might be elevated to the upper level. You can also check to see how you rank in real time against other GOLFZON users around the world.

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Skill Test Mode

Six courses are available for use in this mode, allowing players to practice shots that mimic actual on-course situations.

Players can hit tee shots, shots, pitches, chips and putts.

GDR is so much more than a launch monitor; it is a multidimensional game improvement system providing players with an entirely powerful golf training experience.

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AWARDS & NEWS

Official Golf Simulator of the LPGA

In October 2014, GOLFZON became an official marketing partner of the LPGA, the world’s foremost women’s professional golf tour, and has earned its status next to the 20 of the LPGA’s world marketing partners (brands).

Awarded “Best Golf Simulator” by Golf Digest in 2017-2019

GOLFZON has been recognized by Golf Digest, the world's top golf publication, as an Editors' Choice Award winner for "Best Simulator" in the Best Gear & Gadgets area. GOLFZON has placement and a description of its state-of- the-art golf simulator.

Chosen as Official training simulator by National Golf Teams of S.Korea, China, Taiwan and Spain

GOLFZON’s cutting-edge sensor technology is internationally recognized so much that GOLFZON VISION and GOLFZON DRIVING RANGE(GDR) systems have been chosen as the official training systems of the National Golf Teams of South Korea, China, Taiwan and Spain.

Acquired Leadbetter Golf Academies

GOLFZON's parent company, GOLFZON Newdin Holdings, signed a stock purchase agreement with Leadbetter Golf Academy (LGA) to combine the world's best with the game's best practice and simulator technology.

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Received Attention from the Media

"This, more than the real-life version, is golf in Korea. It is indoors, simulated, cheap and accessible. And it could be the future of Golf in the U.S."

- THE WALL STREET JOURNAL (02/28/2018)

”Indoor golf is an alternative to the ‘real’ thing in South Korea. Join us as we give it a try.”

- Golf Digest (02/09/2019)

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TESTIMONIALS

"The simulator experience is so realistic, it's amazing. From the adjustable electronic lies to the fantastic graphics of many of the world's great golf courses, you feel like you are right there on the course! GOLFZON, the future of golf is now."

- Leading Golf Instructor and Founder of Leadbetter Golf, David Leadbetter

"The GOLFZON simulator experience is not only cool and fun but its realism is amazing. From automatic lie adjustment plates to seamless reaction time of a shot, along with super accurate graphics of over 180 golf courses around the world makes this system that much more special. It will take you on an awesome golf escape right from your home."

- Four-time PGA Tour Champion, Kevin Na

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