V-Technology announced that its Board of Directors has resolved to establish a Nomination and Compensation Committee as a voluntary advisory committee to the Board of Directors. The Company has decided to establish the Committee as an advisory committee to the Board of Directors in order to strengthen the independence and objectivity of the Board of Directors' functions related to the nomination and compensation of directors and to further enhance corporate governance. In response to the advice of the Board of Directors, the Committee shall mainly deliberate on matters related to the election and dismissal of Directors, policies and procedures related to Directors' remuneration, the content and system design of Directors' remuneration, and other matters deemed necessary by the Board of Directors, and shall report to or make decisions for the Board of Directors. 3. The Committee shall consist of at least three (3) members who are directors selected by resolution of the Board of Directors, and at least a majority of them shall be independent outside directors. Date of establishment is February 26, 2021.