Embracer Group Mergers and Acquisitions Presentation Deck

OPERATIONAL PLAN Perfect World Entertainment to operate as a business unit within Gearbox Entertainment ● ● ● Perfect World Entertainment's publishing business will combine its work with Gearbox Publishing to deliver world- class entertainment globally Cryptic Studios will remain a standalone brand under our Gearbox Publishing business unit EMBRACER+ GROUP Dentertainment PERFECT WORLD (PWE) P. 17

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