GLAAM Company Overview

RISK FACTORS (CONT.) • . • • • • • . GLAAM may require substantial additional financing to fund its operations and complete the development and commercialization of the process technologies that produce each of its products or new aspects of its existing process technologies that produce each of its products, and it may not be able to do so on favorable terms. If GLAAM is unable to manage its growth and expand its operations successfully, its reputation and brand may be damaged and its business and results of operations may be harmed. GLAAM's results of operations are subject to exchange rate fluctuations, which may affect its costs and revenues. Increasing interest rates could materially adversely affect GLAAM's ability to generate positive cashflows and secure financing required to carry out its strategic plans. Government regulation of DOOH advertising may restrict GLAAM's out-of-home advertising operations. The advancement of laws and regulations may not keep pace with the accelerating advancement of the digital signage industry and technology, may have a detrimental effect on the growth of GLAAM's industry. Failures or security breaches of GLAAM's networks or information technology systems could have an adverse effect on its business. GLAAM does not have absolute control over the affiliates where it is the minority shareholder nor does it maintain control over the actions of other shareholders. Actions of other shareholders of affiliates could negatively impact GLAAM's performance. GLAAM's joint distribution agreement with G-SMATT Global, which is in effect until 2025, may adversely affect its financial results. GLAAM's Excellent Product designation of G-Glass by the Public Procurement Service of Korea expires in March 31, 2026, which may materially adversely affect its domestic government sales. Risks Related to South Korea and Other Countries Where GLAAM Operates . • . • • • . • If economic conditions in South Korea deteriorate, GLAAM's current business and future growth could be materially and adversely affected. GLAAM is subject to the risks of operations in the United Kingdom, China, Japan, Hong Kong and the United States. Increased tensions with North Korea could adversely affect the South Korean economy and, consequently, GLAAM's results of operations and financial condition in the future. GLAAM's businesses and partnerships may be affected by geopolitical tensions between China and the United States. Further militarization of the South Pacific in response to the growing military strength of China could destabilize political relationships in the region and impact regional businesses. A conflict between Taiwan and China could impact regional businesses. The armed conflict between Russia and Ukraine, including sanctions and tensions between the United States along with several other countries and Russia, may adversely affect the results of GLAAM's operations. It may be difficult or impossible to enforce judgments of courts of the United States and other jurisdictions against GLAAM. Changes in South Korea's customs, import and export laws and foreign policy, may have an adverse effect on GLAAM's financial condition and results of operations. New or higher taxes resulting from changes in tax regulations or the interpretation thereof in South Korea could adversely affect GLAAM's results of operations and financial condition in the future 0 CAPTIVISION In addition to the summary discussion, you should carefully consider the risks and uncertainties described in New PubCo's filings with the SEC, including in the "Risk Factors" section of the Registration Statement and of JGGC's final prospectus, dated February 10, 2022 included in the registration statement on Form S-1 (registration No. 260483). GLAAM PRIVATE AND CONFIDENTIAL // 53

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