BLOCKCHAIN 9CO/T9 WHITE PAPER - The9Companythe9company.io/kr/whitepaper/the9+BLOCKCHAIN+en.pdf ·...

BLOCKCHAIN 9CO/T9

WHITE PAPER

3 BLOCKCHAIN 9CO/T9 WHITE PAPER

THE9COMPANY Vision

In ancient countries, numbers were given many different meanings.

The number "8" is the eight directions that make up the earth, which is the number that completes

the earth, and the number that adds the eight directions that make up the earth, which means "9" is

the number of the realm of God.

The9 company recognizes the philosophical ideology of blockchain and is confident that blockchain

will be a representative system of the world in the near future.

Moreover, unlike other businesses, we believe the potation of “Resources-based system” is the eight

directions and The 9 company will be at the center.

Therefore, number “9” is the will and the vison of The9 company.

9CO/T9 Business Philosophy 4

9CO/T9 Business Philosophy

“Be equal in tourism!”

Tourism is an important place in human life, people learn life through travel, plan new businesses,

meet their loved ones and start a family. THE9 company intends to draw a grand picture to overcome

the obstacles to the inconvenience of language in the way of experiencing tourism, the inconvenience

of exchange and loss of value issued by the payment system of each country's currency, and the

inconvenience of loss of reward value in the operating system of natives and foreigners.

THE9COMPANY is with THE9COMPANYKOREA, the world's largest kiosk operator provides free

kiosk ticketing and management systems for tourist destinations around the world and ordering

kiosks for merchants around the world.

Lkorea, has the licensee in Korea about China’s largest in-bound tourism OTA LVMAMA with 259

million members worldwide.

EXALAB, developed mainnet first in Korea, has artificial intelligence and big data technology,

developing various service programs for LVMAMA Korea’s travel applications and ordering kiosk and

proving technologies for 9CO/T9 projects.

PayExpress, a global hybrid PG company that provides hybrid payment services in kiosks around the

world where TE9COMPANYKOREA is in operation.

provides freedom of speech anywhere in the world.

provides the freedom of payment, which does not cause inconvenience in exchange and loss of

value due to exchange rate anywhere in the world.

Provide globally integrated mileage services to foreigners to enable them to use meaningless

mileages anywhere in the world.

This is business philosophy of THE9COMPANY where provides 9CO/T9.

Contents

Prologue

Abstract

1. Business Foundation

2. Problems of Global facility

Operators

1 Problems of facility operation business

2 Problems of global tourist industry

3 Absence of support system

3. The Problem Solving Suggested by

THE9

1 Resolution of pending issues

2 Resolution of user issues

3 Resolution of system issues

4. Introduction of business

1 THE9 Company profile

2 THE9 Business objective

3 THE9 Composition of business

5. Global Entry Status and Planning

6. Token Project Plan

7. Conclusion

8. THE9COMPANY / THE9 TEAM / ADVISER

9. Legal Consideration

07

08

09

15

18

22

32

37

42

43

47


Prologue

“Rusted Nail”

As of 2018, entering the fourth industrial revolution, the most popular ticketing system in tour sites

around the world is the "nail." Still, famous tour sites around the world take away tickets, give them

to tourists, and place one on a nail in front of the ticket office clerk.

Maybe the way they use is a little bit uncomfortable and cumbersome, but it's the optimal system in

terms of Earth and nature.

The9 company respects this primary ticketing system.

Based on respect, we want to have fare profits and advantages with tourists who visit tour sites.

This is begging of The9 company for global tourist industry.

Abstract 08

Abstract

The9 company is a firm that manages the businesses such as payment interlocking devices and

operating systems such as kiosks and gates, ticketing system, possessing payment system, providing

to public facilities with no charge and receiving commission for their use.

From 2016, THE9 and partners have been operating the business through various forms of contracts

in Korea, China, Indonesia, and Vietnam, etc. In the future, expecting to enter Europe, the USA and

across Asia such as Japan, Malaysia market.

Based on its know-how in conducting various devices, operating systems, ticketing systems, and

payment systems, THE9 has directly provided benefits such as practical cost reduction and efficient

marketing by linking with stores, stadiums, movie theaters, and tourist sites, and recently provided

users with direct benefits such as convenience and reduction of waiting time. THE9 company has

been approached to the blockchain via a reverse method that combining the existing business system

with blockchain linkage technology and token operation method to maximize competitiveness and

scope of business.

Through this reverse-type blockchain system, establish interconnection with its operational partners

in each country, share mutual membership, support integrated policies and benefits to increase user

revisit rates, increase operational costs, provide practical support for sharing of interests beyond

convenience to users of the Alliance, and provide an increase in net tourism time.

THE9 and partners are providing various systems and devices centered on operating systems in

multi-use stores and tourist attractions without charge. In the tourist attractions when they use our

services, we receive 200KRW per issuing a ticket or an attendance. Recently we are installing and

operating in Korea and Asian countries.

THE9 is establishing a blockchain system by sharing the technology of EXA Lab, which developed

the Mainnet for the first time in Korea to efficiently connect the global network. In addition, the

company is building an ecosystem through EXA Alliance, which shares the same vison. By the vison

the company is expanding its foundation into a global network platform through the link between

various businesses, while eliminating inconveniences presented based on current projects.


1. Business Foundation

1 THE9COMPANY LIMITED

The9 company is the holding company that established for the global tourism operation system business and has a

stake in five-nation operations corporation including 2subsidiary companies in Korea such as 9mm. Currently, the

company is operating the Jeju island project and small business purpose kiosk project.

2 Target amount of installation in global tour sites.

Tour site ticketing kiosk - 37,500 (2019~2024)

Small business ordering 9 kiosk - 50million(2019~2024)

1. Business Foundation 10

2007

03. Korea's first 40-inch payment system and development of

kiosks for ticket issuance

2009

02. Completion of the contract to supply new ticketing machines

in CJCGV. CJCGV (Co.) 1st batch of 100 new ticketing

machines.

10. CJCGV (Co.) First batch of 100 units installed

2010

02. Installation of 150 new machines for CJCGV stock

10. CJCGV (Co.) Image Advertisement Processing and Application

of Full Screen System


11. MOU for the photo-ticket part of the DIP and

Regional Complex Output Project

12. Applying CJCGV (Co.) BI change and concluding a

multilingual system contract

12. CJCGV (Co.) 100 additional new ticketing machines

2011

07. CJCGV (Co.) 100 additional new machines delivered

08. Developing a Theater Operating System

11. Supply 83 Megabox-type ticket machines

11. Production and delivery of highway food ticket

issuers

12. Additional 57 new ticketing machines in CJCGV

stock are delivered.

2012

01. CJCGV (Co.) Direct delivery of new machines

02. CJCGV (Co.) Interactive Advertising System

Development

04. 400 Mega Box (Co.) Cinus machines supply

contract\

05. (Co.) Joint Business Partnership for the Publication

of LS Cable System

06. (Co.) Completed 1,000 Contracts with Hanlim

Pharmaceutical Co. and Pharmacy purpose Kiosk.

07. U.S. WWL and the U.S. Professional Baseball

Organization (WWL) have signed a contract to

supply the machines.

12. Delivery of unmanned machines to the Korea

Basketball League (SK Planet)

12. Contract to install unmanned machines and systems

for the 2014 Incheon Asian Games

2013

01. CGV China Integrated Media (9 types) Installation

Agreement

03. CJCGV (Co.) Supplied Unmanned Launch Vehicle

for the Handicapped

04. Patent-applied Kiosk Data Integration Control Kiosk

Receiving Structure/Information Supply

05. E-mart Coupon Kiosk Operating Solution

Development and Delivery

12. Select a preferred bidder for Lotteria's unmanned

POS (KIOSK) test project.

12. China's largest travel site Lumma, a joint venture

contract for issuing kiosks to tourist destinations.

2014

01. Lotte Tower Aquarium Unmanned POS (KIOSK)

Preferred Negotiators

03. Homeplus Coin Kiosk Manufacturing and Delivery

Contract

05. Delivery and operation of CJCGV card photo-ticket

service

06. Supply contract and delivery of Max Movie

unmanned ticketing machines

09. Operation of unmanned ticketing machines and

systems at the 2014 Asian Games in Incheon

12. Choosing a preferred bidder for CGV China's

unmanned ticketing machine project

2015

04. Select a preferred bidder for Lotteria's unmanned

POS (KIOSK) project.

05. Contract and Deliver 450 Japanese Game Printers

08. Contract and Delivery of 248 CJ Korea Express

delivery kiosks

12. Contract for Development of Kiosk System for

Corona World Theater, Japan

2016

06. Jeju Special Self-Governing Province 020 Service

Operator Support

06. T'way Air PhotoTicket Service Agreement


06. Development of Photo Card Kiosk for Everland

06. Development of Soribada Music Card and Music

Card Kiosk

09. Developing a BLE (beacon) System for ticket

ticketing

12. Development of Kiosk Payment System for Wechat

in China

12. Developing a Photocard Printing System for Wechat

in China

12. Development of Gglass Tower Kiosk for Chinese

Tourism Area

2017

01. Kiosk Delivery Alliance for Alfamart, Indonesia

02. Agreement with the Korea Service Industry

Promotion Agency on the Development of

Daehangno Performance System

07. Delivery of Indonesian Telecom Charging Kiosk

Primary Test Kiosk

07. Indonesian Cinema 21 Movie Ticet rights Kiosk

Convention

08. Contract for Delivery of Smart Bending Machine for

Indonesia DOKU

08. Delivery of Indonesia Photo Ticket System

10. Convention on the Development of Kiosks and

Systems in Indonesian Bus Terminal

12. GN and KT, disabled association and unmanned

order kiosk development and acceptance

12. Paju Publishing Association's Education Keyosk

Project Progress

2018

01. "Here, final bidding qualification for unmanned

check-in check-out system

01. GN and Gangwon Province Tourism Area Contract

for Ticket ticketing System

03. Indonesian Bus Terminal Kiosk Agreement

03. Kiosk Field Test for KT Food Trucks 05. First

delivery of Indonesian Bus Terminal

05. Signing the Agreement on the Delivery of Kiosk for

Chinese Tourist Zone


3 Tourist kiosk business

1) CHINA

2019.05 present. 162 Tour sites Operating 740 kiosks.

2) INDONESIA

Jakarta

Bali

▲ Indonesia Contract for operation of tourism system

▲ Indonesia Contract for operation of bus terminal system



3) JEJU-DO

1st place online ticket agency in Jeju island tour sites.

Provide kiosk and systems.

System operation

System construction business partner in Jeju island

KIOSK operation

◀ Contract for operation of tour sites system in Jeju island.

2. Problems of Global facility Operators

1 Problems of facility operation business.

1) Increasement of operation cost

(1) Increasement of fixed cost

Each country's policy toward workers is aimed at a rise in the minimum

wage and a mandatory reduction in working hours every year. However,

the sluggish global economy and inflation are driven by shrinking sales

and increasing fixed costs (especially labor costs), and by those issues,

operators are getting uncertain about their business conditions.

(2) Increasement of marketing cost

Business operators execute a variety of marketing and advertising

to increase falling sales, however, advertising and marketing are less

efficient than investment and operators are repeating a vicious cycle

of increasing the associated costs again.

(3) Decrement of LIFE CYCLE of business

The life cycle of global public works is getting shorter as technology

advances and information spreads faster. For commercial and

independent multi-use facilities in Asian countries such as Korea and Japan, five to 10 years of business is a permanent

cycle, a figure that has been shortened from 20 to 30 years ago, and the problem is that it will be shorter in the future.

(4)Diversification of inflow channel of customer

The development of the media has diversified the flow channel of customers. This diversity has confused the marketing

cost and marketing results of operators, and business operators faced issues about customer inflows.

2 Problems of global tourist industry

1) Problems of tour sites

(1) Settlement problems

Tourism is a service-agent trade, not a real trade, and includes many variables in commercial activities. Thus, unlike the

usual form of trade between countries, it is settled by the method of first-hand act and settlement. The settlement

procedure for general tourist trade is as follows

① The recruitment and movement of tourists ② Local tourism ③ End local tourism ④ Settlement of expenses

incurred in the event of tourism activities⑤ Cost settlement with the associated company ⑥ Sending invoices

⑦ Payment by international financial procedures

2. Problems of Global facility Operators 16

Country Dollar Won

Austria 13.0 15,860

Luxemburg 12.1 14,762

France 10.7 13,054

New Zealand 10.5 12,810

UK 10.3 12,566

Holland 9.7 11,640

Germany 9.4 11,468

Canada 8.5 10,370

USA 7.2 8,784

Japan 6.7 8,040

Korea 5.3 6,470

Minimum wage per an hour of OECD countries in 2016

※ 1USD per 1220KWD OECD


The settlement process usually takes four to six weeks. However, the settlement is not accomplished like that.

According to the circumstance of an outbound company, problems such as settlement gets delay or unpaid issues

may occur often.

(2) Commission problems

Most of the tourist sites pay high card fees, except in some countries. In particular, for foreign tourists' cards, the fees

are applied differently by applying the country's fee rate. Card fee in Korea is around 3% and there are some countries

take more than 5% for fee rate.

(3) Lack of customer management and marketing systems

Unlike other industries, the system application rate is very low for a tourist site. Korea, Europe, and the United States,

where the IT industry has developed, are no exception. In Korea, more than 85 percent of all tourist attractions still

have no ticket system, and most of them are done settlement by handwriting. As a result, labor costs are higher than

necessary, and settlement accidents occur more frequently. Also, unlike the past, the portion of attraction and linked

management of visitors is becoming vulnerable and unnecessary management costs are rising due to FIT(Foreign

Independent Tour) has grown rapidity rather than group tours.

2) Problems of tourist

(1) Lack of tourist time

Since there is no operating system to manage the tourist sites, the risks are up to customers. Customers have to line

up to buy tickets and to enter the market due to delays caused by confirmation of their admission. Also, overseas

tourists have to wait again for a tax refund after the trip because of the weak foreign language service in the tourist

area. The absence of the system consequently infringes on the tour time of tourists who came for sightseeing. If one

visits three to four tourist attractions on a three-day basis, it will result in a waste of five to six hours of tourism time.

This results in wasted tourist time as well as impairing the chances of additional sales in cities where other tourist and

tourist destinations belong. As a result, it will have negative consequences for tourists, tourist destinations and their

cities, all of them.

(2) Increase of service charge and decrease of service quality

The project operator's management costs increase eventually leads to an increase in service charges, forcing the

price to rise every year, and the burden is responsible to the user. In addition, the increase in administrative costs will

eventually lead to a reduction in personnel and operational costs, resulting in a decrease in service for users.

(3) Problems of cost reduction

There are other things that foreign tourists have to bear. High exchange rate and disablement of receiving benefits

from tour sites or the government of the country when travel abroad. Most exchange fees are in the 5 percent or

higher range except for USD, while some regions in Africa, Arab, Central Asia or South America incur exchange fees

of 30 percent or more. Also, the exchange fee overlaps more than two times as you have to exchange money again

when you return to your country after the tour. And in the case of coins, they are becoming worthless because they

can not be exchanged.

In addition, it is very difficult for foreign tourists to enjoy the system when it comes to mileage issued in overseas

tourist spots or government-funded benefits to include tourist destinations.

In the case of mileage, it is not easy for foreign tourists to receive payments, and if they are paid, they are either very

2. Problems of Global facility Operators 18

limited or complicated. So the case of mileages paid to foreigners will be useless.

(4) Difficulties due to language barrios

While users travel abroad and use various facilities, they will face language problems. The use of facilities abroad is the

same level of difficulty for the disabled.

3 Absence of support system

1) Business operator’s burden of building the system

The only way to relieve the burden of increasing the cost of a business operator is to apply the system. Two things

are needed to apply the system. One is an operating program and the other is a device that can act as an agent for

ordering and approving, however, it takes an unaffordable amount of money to build an independent system from

the perspective of a business operator. That is why most business operators want to introduce the system but are

unable to do so.

Developing and installing and operating systems and related hardware requires 500 to 600 million KRW for Korean

standards, 1.5 billion KRW for European or U.S. standards, and 300 to 400 million KRW for Southeast Asia, but even

if they spend and develop those costs, they don't easily make decisions about the system because you don't have

the confidence or trust in a stable system. In addition, it is not easy for system developers to develop and operate a

pan-availability system by applying the characteristics of tourism industries with different environments by tourist

destination and country and In overseas cases, it is not easy to operate a global system operating company that also

needs foothold facilities in maintenance or management.

2) Absence of global expertise

Still, there are few companies that serve operating systems. This is because of the different nature of each commercial

facility and the different payment methods and operating systems between countries, there are few general-purpose

operating systems like Windows and Android that we use. In addition, even if such a system is built, not many

companies have global maintenance capabilities or know-how in integrated management operations.


3. THE9’s solution to problem (Approach to problem solving)

1 THE9’s Approach to Problem Solving Problems

THE9 seeks to solve existing issues as follows :

Business Operator

Increase of fixed cost

Diversification of inflow channel

User/Customer

Various problems of use

Problems abroad

Business

System cost burden

Proven system

Operating system device

Business Operator



User/Customer


Problems abroad

Business

System cost burden

Proven system

Blockchain system

3. THE9’s solution to problem 20

Business Operator



User/Customer


Problems abroad

Business

System cost burden

Proven system

Blockchain Alliance

2 Specialized Blockchain System

1) Specialized Blockchain System

The blockchain system under construction with EXA Lab is a blockchain system only for our business structure, which

is different from the existing pan-availability blockchain system.

This was established with the aim of linkage and conversion, and the linkage means; linkages were built around the

link between primary service operators, the link between users, and the link between service providers and the user.

The purpose of the conversion is to smoothly convert various figures based on user-centered convenience among

global countries.

The conversion of figures means the conversion of mileage, national currency, national currency, and cryptocurrency

currency and the focus was on reducing costs, reducing time and switching to a convenient place of use, and easy

payment.

2) Blockchain system for various purposes of payment

The blockchain system built by the TH9 makes payment the most important key.

It is a payment system that approve and builds cryptocurrency as one of the existing means of payment, such as

conversion and integration of mileage issued by each of them, and payment through linkage between cryptocurrency

and physical currency. Not just for cryptocurrency, THE9 built the system by adding the authorization system for

cryptocurrency to the real economy.


3 Construct Strong Alliance

1) 1) Alliance consists of the two-top system

The Alliance, which TH9 co-organizes with EXA Lab, comprises the Alliance around two pillars: Business and Support.

Business-side alignments are expanding based on the scope of the business established by the existing THE9, Alliance

in terms of support is expanding towards expanding technical support based on variety of payments and marketing

purposes that EXA Lab has established.

KIOSK

THE9SYSTEM

EXALABTOUR

LK

Manufacture / Sales /

Management of tour site and

small enterprise unattended

payment purpose kiosk

Operation/ Linkage/ Meal ticket/ Payment

tour site operation system of kiosk

User APP/WEB

LVMAMAM related linkage system

Development and operation blockchain

technology mileage system

Travel agency work relate to

LVMAMA Korea

Secure travel packages

Linkage with LVMAMA

Partnership, sales of product

4 Suggestion of Solution to a Problem

1) Solving the Problems of Tourism Area Issues

(1) Strengthening the blockchain-based customer management system (Can be used for customer DB

management and marketing)

THE9 will manage and utilize the customer's DB accumulated through the business. To that end, THE9 will establish

and operate a global DB management system based on blockchain using EXA Lab's mainnet technology. A blockchain-

based global DB management system will be tailored to each country's management standards and will be a strong

alternative to risks from outside.

(2) Add blockchain-based payment system(Solve exchange, credit card commission, settlement period,

mileage issue)

3. THE9’s solution to problem 22

THE9 will provide THE9's payment system using the payment system of PayExpress, an ecosystem partner of the

company, which can be used for payment in any country. THE9's payment system will solve the problem of excessive

exchange rate and time of current exchange and foreign currency remittance and stable coins will be used to support

the smooth operation of settlement and mileage immediately.

Exchange

This blockchain-based payment system allows tourists to relieve the inconvenience and losses of currency exchange

and to use THE9's Stable Coin (TOUR9) as a settlement currency using their own currency in any country. PayExpress

pays the settlement amount in the currency of the country concerned, retrieves the TOUR9 paid by tourists, and

through this process, TOUR9 can be used as the payment currency in tourist spots or stores in the world where the

Kiosk of THE9 has entered.

In addition, tourist operators or tourist facilities without the Kiosk of THE9 can download the payment address code

after registering with the merchant to provide payment services in the same way.

Card Fees

The blockchain payment system provided by TheE9 does not require a card fee. Only 0.2% operating fee will be

incurred for the smooth operation of this system, freeing customers or merchants from existing higher fees.

Settlement Cycle

Problems with the current long-term settlement time generalized in the tourism industry and the consequent delay

in payment will also be made possible by utilizing the "escrow" of the blockchain payment system provided by THE9.

Mileage

Mileage also integrates and manages the mileages provided by local merchants and tourist destinations in each

country through the integrated mileage management service of the blockchain payment system provided by THE9

and PayExpress and tourists will use integrated mileage to pay for it or exchange it for legal currency through an

inter-user transaction through an internal exchange. This will solve the problem of lost mileage and provide various

benefits abroad through the utilization of the mileage. In addition, companies that provide mileages can enhance their

competitiveness through the operation of an integrated mileage system which is available anywhere in the world.

(3) Strengthening the Blockchain-based ticketing system (Virtual Kiosk, reduced utilization time etc.)

Unlike the existing ticket ticketing system, blockchain-based ticket ticketing system provides integrated management

of customers' travel activities such as payments, ticketing and mileage, and customers can enjoy the benefits of

ThE9, through its link to nearby stores and tourist destinations and in the case of tourist sites, peripheral facilities,

and related agencies, real-time DB verification and immediate verification, management and policies can be carried

out. Also, the Virtual Kiosk system can be applied to various types of devices, providing services through distributed

operation and personal devices to facilitate tourist or tourist convenience.

(4) Enhancement of kiosk and device

(Introduction of blockchain module, connection module with tourist facilities)

The9's business is not solely dependent on kiosks. It also supports the use of mobile devices and pre-purchases

through support of POS and entrance gate systems from 2018. These various devices will be linked through blockchain


modules, which will then operate the personal system through the customer's connection to mobile or personal

devices.

Through the blockchain module, it can be linked with the surrounding tourist attractions and facilities, which can be

easily applied to discount sales of linked products and various marketing and events, enabling the establishment of

new products. Through the linkage with the current transportation facilities, we anticipate the size of our customers

entering the tourist attractions in one hour later, In turn, it will form an immediate management system through links

with the surrounding areas, such as predicting the expected use of transportation facilities through the size of the

number of people leaving the tourist site.

2) Solving tourist problem

The blockchain-based system provided by THE9 offers direct benefits to tourists. The THE9's system is a form of

service for one tourist from a tourist's perspective. Basically, all services are provided through 9CO Wallet, the service

APP provided by THE9.

(1) Provide monetary profit

There are three major financial benefits to customers.

First, mileage service that can be set aside and used by domestic and foreign tourists without discrimination

Second, very cheap currency exchange service and foreign exchange remittance service which can be transferred

immediately.

Third, free and discounted services through rewards provided by the EXA Alliance ecosystem.

(2) Provide time benefit

THE9's system provides a time benefit to customers.

First, through the use of the system, the waiting time in line and the time in translation are reduced, thereby

increasing the time for individual tourism purposes.

Second, tax refunds or various waiting times for payment can be reduced to eliminate mental instability and

discomfort caused by waiting time.

3) Resolving the Tourism System

(1) Co-business with partner firms from EXA Alliance ecosystem

blockchain-based payment, loan business, mileages, remittance : EXALAB, PayExpress

THE9 has achieved the speed, precision and scalability of the service through cooperation with EXA LabExa Lab's

BLOCKCHAIN mainnet system, which enables global service, immediately enables the part of THE9 that it has been trying

to build for a long period of time, thereby shortening the schedule for full-scale business expansion by more than two

years. Also, PayExpress' global hybrid payment support solution will enable early use of THE9’s stable coin, T9.

(2) Mobility Services in Blockchain-based Tourism Area: Nature Mobility

Nature Mobility provides a powerful component of the service content of the company by providing mobility services

4. Introduction of business 24

with THE9, the most important means of mobility for the current tourism style where individual free travel is rapidly

increasing. In addition, Nature Mobility's services will represent a strong partnership with the THE9 through its links

to local transportation as well as automobiles in tourist destinations abroad as well as in Korea. Future developments

in the mobility sector will affect many industries, and from the perspective of THE9, which provides Kiosk and tourist

operation systems, synergy is expected to be created in areas where Kiosk is integrated into a smaller version of Kiosk,

customized for each mobility device. Because there is no need to drive in an era of self-driving cars, there is a lot of

time left in the middle of the road, and the service can be utilized through a mobility-only kiosk mounted inside the

car to solve the problems that need to be solved through kiosks. For the THE9, there will be a mobility-only kiosk in

addition to Virtual kiosk.

(3) Co-business between EXA Alliances

① Linkage of peripheral facilities in tourist destinations

The linkage title of THE9, the EXA Alliance, basically integrates miles. At the same time, the EXA Alliance is able

to cross-produce the implementation of the linked product, the system will be implemented to enable integrated

operation between EXA Alliance freely, including the purchase of integrated raw materials and operating products.

② Linkage of general consumption life.

THE9's schedule is linked to restaurants, souvenir shops and hotels near the primary tourist area as well as tourist-

related facilities, secondly, planning to connect the transportation facilities with the local commercial districts, thirdly

systemically links with tourism guides and administrative infrastructure such as police stations and hospitals are also

scheduled.

This is the strategic goal of THE9's services to provide convenience to ordinary residents as well as tourists.

4. Introduction of business

1 THE9COMPANY

1) Eight Company Alliances, Proven Technology

Starting with the CGV ticketing system 10 years ago, THE9 is a team that installed and operated various related

devices on behalf of Kiosk and established the multi-use facility operating system over the past 10 years, company

that is now composed of alliances in Asia, the United States, and parts of Europe, but will expand into 30 alliances in

the future and will proceed with the current business model, pre-Investment Fee Distribution with alliances.

The strength of the THE9 is largely divided into two parts.

First, it has strong advantages for systems and devices as a technical advantage.

Second, large-scale projects are currently underway at internal and external countries.


2) Technical advantage

▲ 운영중인 디바이스(키오스크, 게이트, 포스)

▲ Validated Operating Platforms - TOURPASS

▲ World's First Block Type Kiosk

3) Business advantage

(1) Major Contractors in China : LVMAMA, C-TRIP

Operation status : Starting with Shanghai Zoo, the first test store in 2016, the installation and operation will begin in

March 2018, as of December 2018, it has been installed and operated at 92 tourist sites and will install and operate at

3,000 of the total 1,1200 tourist destinations.


(2) Major Contractors in Indonesia : DOKU

Operation status : In 2018, it signed a contract with 121 bus terminals in Indonesia to operate Kiosk in Ball, currently

conducting tests at one bus terminal and developing a tourist operation system in Bali.

4)Business goal

(1) Achievement of the World's Top Company in 2023

THE9's business model is a fee-sharing method after a pre-investment, which is unprecedented in the world. It is

currently starting in China, Indonesia, and Korea, With the absence of a similar operating system, it's the No. 1 player

on a small scale with few competitors but, Starting with the establishment of a global infrastructure system in 2022,

the company will be the world's No. 1 company.

2021~2023

2019~2021

2020~2022

2021~2022

•Global Operations Schedule

(2) Challenges for the Top Market of the Ordering Kiosk for the Merchants. THE9will

expand the scope of its business to 5 million points by stages, focusing on the operation sites of global traders and

multi-use facilities, will establish a wide range of systems to sports stadiums, focusing on terminals, tourist destinations

and movie theaters, which are currently multi-use facilities that have been contracted.

(3) Construct a global payment system based on blockchain

THE9's payment system is basically equipped local payment system. This is because it avoids inconvenience or

inconvenience to users. Also blockchain-based payment system will be provided to users, and the users who use

our blockchain-based payment system will be freed from the inconvenience of the existing payment system and will

provide benefits to users through various benefits and support.

Because the blockchain-based payment system provided by THE9 will be provided in an optimized form for use, all

interested parties - operators, users and related parties - will be able to secure a win-win payment system.


(4) Construct blockchain-based ticketing system

THE9 is currently in the stabilization stage of the system that is currently provided and operated based on the tourist

site operation system and the ticketing system. Development of big data and AI-related parts is under way recently,

and the company plans to develop and collaborate on integrated mileage systems and blockchain payments based on

blockchain from 2019.

(5) Development of blockchain-based kiosks and devices

(Maximum strengths, such as modularity, customizing around the world)

The Kiosk of THE9 has the best technology in the world. In 2017, THE9 completed the development of a modular

block type kiosk that can be applied to any environment in the world. Through this process, Kiosk was developed to

apply and operate corresponding modules according to each environment and situation. Recently, Kiosk developed

a module that can operate contents, making it more powerful. THE9 also applies blockchain-based technology

to systems that manage position, exit, and movement of POS systems and operating facilities that can approve

blockchain, and is developed for management and operation, applying blockchain technology as a base technology for

its platform business that utilizes global kiosk network that it has built around the world in the future.

2 Lkorea co., Ltd.

1) Introduction of LVMAMA

Founded in 2008, Lvmama is China's No. 1 travel general site and operates China's first travel reservation sales

system, providing customized travel to Chinese tourists with increasing free travel, including ticket issuance and hotel

reservations. Lvmama is a subsidiary of the JOYU Group, which has been named the Top 20 China Tourism Group for

six consecutive years and is a leading online tour operator in China to the extent that it is in the top seven in 2019.


2) Introduction of LKorea

LKorea co., Ltd. is the exclusive operator of the Global OTA with 250 million members and the No.1 of the Global OTA

with 250 million members. It will develop Korean tourism products for Chinese tourists who will visit Korea, provide

CS to help Chinese tourists carry out convenient tourism, and operate a Korean goods section on its product supply

homepage in Lvmama, China.

3) Lkorea’s Composition and Strategy of Major Products

ㆍExclusive

ㆍPACKAGE

ㆍDUTYFREE

ㆍHOTEL

ㆍTICKETTOURIST

ㆍK-pop Concert

ㆍKBS Music Bank chl

ㆍThearter and Musical

ㆍExclusive

ㆍK-pop Ticket sales agency

Cultural tourism

ㆍExclusive

ㆍGangnam Aliance

ㆍCare Insurance

ㆍReasonable price

Medical tourism


3 EXA Alliance

1) Center of Blockchain RealizationEXA Alliance

Exa Alliance is comprised of blockchain systems and systems that support payment methods, and community malls

for marketing and consumption, and is structured through three agreements with THE9 Eco-system.

First, the connection with THE9 Eco-system through the use of the blockchain system of EXA Labs

Second, mutual commodity sharing and sale

Third, the sharing of members

2) THE9Eco-system Alliance

THE9 Eco-system Alliance is an alliance of consumer markets that is built around actual business operators. This

Alliance has members and prospects as well as the business, and consists of three basics:

First, the sharing of products among each company

Second, the sharing of members

Third, the sharing of mileage

3) Strong system based on blockchain

(1) Constructing a Blockchain-based Customer Management System (Maximize utilization of Big data and

Customer DB)

THE9's customer management system is provided to customers through various policy, support systems and marketing

programs, including checking and analyzing their usage behavior through an integrated mileage system and building

and analyzing big data using the DB for their usage behavior, to ensure their benefits, benefits, convenience, and

usage time. Using the customer DB, which has accumulated THE9 in the big data field, it will be possible to design and

present new tourism products customarily by country, age group, gender and travel pattern, and maximize synergy

among the operators participating in the TH9 Eco-system.


Alliance1based

Alliance2based

Alliance3based

Alliance4based

BIGDATA

linking

linki

ng

linki

ng

linking

interlo

cking

interlo

cking

interlocking

interlocking

EconomicPlatform

A.I

BlockchainEconomicSystem

(2) Construct business-focused Alliance

① Category of EXA Alliance

EXA Alliance divided by 6 businesses. Of these, there's a real economy in charge Service / Produce / Tourism /

Entertainment businesses Of those there’s a support in charge System / Finance businesses Each of these six

business groups separates the sub-ecosystems in an independent area and maximizes business performance through

interconnection.

SERVICE FACTORY SYSTEM TOUR ENTERTAINMENT FINANCE

BUSINESS ALLIANCE


(3) Systems that support business

① Purpose of EXA Alliance Economic

- Revitalization of Business through Linkage

- Expanding the Market Size through Resource Sharing

- Efficiency of payment through the Economic system

- Securing funding sources through VC

② Support of EXA Alliance Economic

Strong ecosystem will be built with support from areas that are difficult to access by existing real businesses.

Also, direct funding and financing will be planned through the establishment of a combined Venture Capital (VC) in

the future.

EC

OSY

STE

M

FINANCE

SYSTEM

ENTERTAINMENT

TOUR

SERVICEFACTORY

ALLIANCEECONOMIC

Mainnet

Managementsystem

BlockchainEconomic

System

EXCHANGEPaymentSystem

EVALUATIONAGENCYMontoring

System

Platform

(4) Management Supervision System

Operating Supervisor

EXA Economic is managed through the third agency and the Operations Supervisors built around the Alliance.

Core management items are

- Enterprise timely situation management

- Reliability management of credit and performance for support

- Evaluate the company's future and future business development

- Valuation

- Sanctions for the operation of disloyalty

and Publication and disclosure of accurate three-way point-in-time data is carried out through fair management and

evaluation from outside


Operating Supervisor

Alliance Protection & Protection

ExternalAgency

EXAALLIANCE

Performance

Situation

Credit rating

Valuation

Sanctions

(5) Exa Alliance Business Functions and Participation Companies

Business Directionof EXALAB

NOW

EXA Ecosystembusiness

Bigdata SystemOperation

With KIOSK

A.I SystemOperation

Building a Global Ecosystem

EXA Blockchain

EXA Platform

EXA Alliance

KIOSKBusiness

Tourismbusiness

MASTERCARD

business


EXA Alliance has been composed with 60 firms since now,

and 100 of global firms will participate by end of 2019

5. Status and plan of global expansion 34

5. Status and plan of global expansion

1 Five-Year Installation and Operation Plan

Division 2020 2021 2022 2023 Total

Korea 600 300 300 300 1,500

China 4,000 4,000 5,000 4,000 17,000

Indonesia 700 500 1,000 500 2,700

Japan 300 200 300 300 1,100

Vietnam 300 200 200 200 900

South Europe 700 1,000 1,000 1,000 3,700

West Europe 200 500 1,000 1,000 2,700

North America 200 500 500 1,000 2,200

Arab 100 200 300 300 900

Africa - 500 500 500 1,500

South America - 300 500 1,000 1,800

Thailand - - 200 500 700

Austria - - 300 500 800

Total 7,100 8,200 11,100 11,100 37,500


2 Korea

With a total of 1,500 installed vehicles, Korea is expected to install Gangwon Province and Jeju Island as the primary

targets in Seoul and Gyeonggi Province.

Gangwon Jeju SeoulGyeonggi ETC

2020

2021

2022

2023

300

300

300

200

200

100

100

Divison 2020 2021 2022 2023 Total

Gangwon 300 300

Jeju 200 200

SeoulㆍGyeonggi 100 300 300 200 900

ETC 100 100

Total 600 300 300 300 1,500

3 China

China currently operates 400 units in 80 tourist attractions with a goal of 17,000 units.

Divison 2020 2021 2022 2023 Total

East 500 500

West 2,000 2,000 4,000

Middle 1,000 2,000 2,000 5,000

South 1,000 2,000 1,000 4,000

North 2,500 1,000 3,500

Total 4,000 4,000 5,000 4,000 17,000

East West Middle South North

2020

2021

2022

2023 2,000

2,000

2,000

2,000

2,000

2,500

1,000

1,000500

1,000

1,000


4 Japan

Plans to install 1,100 units in Japan and is currently operating Tokyo Tower as its first tourist destination.

Divison 2020 2021 2022 2023 Total

Tokyo 300 300

Osaka 200 200

Kyushu 300 300

Hokkaido 300 300

Total 300 200 300 300 1,100

Tokyo Osaka Kyushu Hokkaido

2020

2021

2022

2023

300

300

200

300

5 Indonesia

A total of 2,700 units will be installed in Indonesia. Currently, the bus terminal and the tourist resort in Bali are being

operated on a trial basis after the contract has been completed

Divison 2020 2021 2022 2023 Total

JA 400 400

BA 300 300 500 1,100

BO 200 500 700

SU 500 500

Total 700 500 1,000 500 2,700

JA BA BO SU

2020

2021

2022

2023

400

300

500

200

500

500

300

0829_수정0829_수정


6 Vietnam

A total of 900 units will be installed and operated in Vietnam, and Ho Chi Minh is expected to be installed and to the

North.

Divison 2020 2021 2022 2023 Total

Hanoi 100 200 300

Hochiminh 300 300

Danang 200 100 300

Total 300 200 200 200 900

Hanoi Hochiminh Danang

2020

2021

2022

2023

300

200

100100

200

7 North America

Planning to install 2,200 units in North America, to Canada, with the focus on the U.S.

Divison 2020 2021 2022 2023 Total

USA W 200 300 500

USA E 200 300 500

USA C 200 500 700

Canada 500 500

Total 200 500 500 1,000 2,200

USA W USA E USA C Canada

2020

2021

2022

2023

200

300

300

200

200

500 500


8 Western Europe

Western Europe will have 2,700 installations and includes Belgium, along with the Netherlands.

Divison 2020 2021 2022 2023 Total

England 200 500 500 1,200

Netherlands 300 200 500

Belgium 200 200 400

ETC 600 600

Total 200 500 1,000 1,000 2,700

England Netherlands Belgium ETC

2020

2021

2022

2023

200

500

500 300

600

200

200 200

9 South Europe

South Europe is scheduled to operate 3,700 units and will include Spain and France as well as Italy and Greece, and is

currently in talks to install them in Spanish tourist areas.

Divison 2020 2021 2022 2023 Total

Spain 700 500 1,200

Italy 500 500 1,000

France 500 500 1,000

Greece 500 500

Total 700 1,000 1,000 1,000 3,700

Spain Italy France Greece

2020

2021

2022

2023

700

500

500

500

500

500

500


6. Token business operation plan

1 Structure Model of Token economic

1) 9CO/T9’s Structure Model of Token economic

(1) Issuing token 9CO for investment and stable coin T9 for use of payments between travel customers

and tour operators

① Name of Investment Coin : 9CO

② Name of Stable Coin: T9

(2) Purpose of issuing investment coin 9CO

For the manufacture and supply of tourist ticketing and ordering kiosks over which each country will be installed and operated.

(3) Operating Structure for Investment Token 9CO

① Base on Kiosk Profit Model: Fees per ticket and ordering kiosks managing profits

② Incentive: Of the fee revenue, pant of the profits generated after deducting depreciation costs, operating expenses

and taxes for reinstalling kiosks will be paid.

③ Incentives are generated profits and will pay by stable coin T9, It is installed by the business operator and can be

used as a payment currency when purchasing products from all the kiosks in operation.

④ It is possible to make transactions in cryptocurrency on registered exchanges and in designated currencies (cash)

of those exchanges.

⑤ Incentives paid with T9 deposit cash to be paid on settlement to designated financial institutions by the value of

incentives paid with the stay coin, and the deposit currency in USD.

9CO Holder

Exchange OperatorPurchase 9CO Invest KIOSK

T9 Operating profit

Deposit profits

Purchase 9CO

Incentive

Incentive

PurchaseProducts from

KIOSK

Use Payment

Selling onExchange

Deposit(USD)Operating

profit

Change to cash

Operating Structure for Investment Token 9C

6. Token business operation plan 40

(4) Purpose of issuing Stable Coin T9

① Alternative payment currency for global tourists

② Domestic payment currency for each country in which Kiosk is installed and operated

③ Use of escrow currency setting for B2B payment between tourism operators

④ Providing a merchant mileage, issuing electronic meal ticket and electronic vouchers for private business owners,

compensating for community activities, integrating cryptocurrency transactions between Alliance and its affiliates, etc.

(5) Operating Structure of Stable Coin T9

① Incentive for kiosk investment token(or Sales of electronic vouchers and electronic meal tickets) is issued as an

initial resource and USD of the value of the issued amount is based on the deposit currency.

② As standard of 9CO’s issue value, pre-issue the stable coin T9. All sales shall be deposited at the financial institution

designated as USD. Since then, the pre-issue of T9 is maintained at twice the actual sales volume.

③ T9 is used as payment for purchases of products of all kiosks installed by the business operator.

④ T9 used for payment shall be paid for the sale of goods in cash through an agency PG that has entered into a

business agreement, and T9 Coins shall be recovered and incinerated.

⑤ Adjust the total amount of newly issued T9 coin based on the incineration amount of the final recovered T9 coin.

⑥ The reserve ratio of the Stablecoin T9 is 100%.

⑦ The revenue generated from the reserve deposit of the stable coin T9 is will be use to purchase 9CO through the

exchange. is to secure T9 with dividend income of 9CO in the future, and to manage T9's reserve ratio above 100%.

This is to compensate for the risk of unexpected losses and to be used as a starting fund for various future projects.

Operating Structure of Stable Coin T9

THE9COMPANY

T9 Operation Foundation

Buying subject

Purchase

Service/Product

T9 결제

Acquisition method

Global KIOSK B2B

Escrow Serivce

PayExperss

(하이브리드PG사)

Purchase Exchange

Exchange

personnel / Company

Community operator

Contracted merchant

THE9COMPANYKOREA

Exchange purchase

Community activity

Consolidate mileage / E-meal ticket

9CO Incentive

Exchange

9CO Holder

Alliance BANK

USD Standard / Deposit


(6) T9/PayExpress payment process operating structure

① T9 holding tourist(personal customer): Payment of goods and services from all KIOSKs in operation by THE9

② PayExpress(Global hybrid PG company): Pay with cash to merchants who provides goods and services-> collect T9

-> settlement T9 with T9 operate foundation-> incinerate T9

process operating structure

Tourist

Customer

KIOSK

SHOP

Purchase

Mileage

Pay/Charge

T9

T9 settlement

THE9 operation foundation

Cash payment

T9 회수PayExperss

(Hybrid PG company)

Incinerate T9

(7) Participating business operator

① 9CO and T9 Issuing and Operating Operators: THE9COMPANY.LTD(HONGKONG)

② Kiosk Installation and Operation Operators: THE9COMPANYKOREA.CO.LTD

③ Payment agent PG service provider: PAYEXPRESS.CO.LTD

④ Tourist operator (KOREA): LKOREA.CO.LTD⑤ Technical support: EXALAB.CO.LTD

2) 9CO/T9 Token economic cyclic logic

(1) 9CO/T9 Transaction Process

① 9CO sales revenue is invested in Kiosk.

② T9 is managed by USD at 100% reserve ratio with stable coin.

③ When tourists paying with T9 to, HybridPG’s Payexpress supports cash payment, T9 recovery, return, and cash

receipt to the payment office

④ he kiosk operating profit incentive is paid by T9..

⑤ T9 can be easily purchased through exclusive apps, dividends, and exchanges. Cash conversion can be carried out

through the exchange or designated P2P app. The foundation does not support T9's cash conversion.

6. Token business operation plan 42

⑥ After purchasing T9, tourists (including ordinary customers) can purchase and pay for goods and services through

all kiosks in operation after THE9 has been installed.

⑦ Tourists (customers) can register their travel experience reviews (product use reviews, etc.) in the community where

LKOREA is in operation and receive compensation for their reaction. At this time, compensation is paid by T9.

⑧ If the kiosk-installed store subscribes to the integrated mileage service provided by THE9, the mileage paid to the

customer will be paid by T9.

⑨ The basic currency of the electronic bill serviced by the Kiosk Order 9 for the commercial use is operated by T9, and

the basic currency of the electronic bill is automatically changed to T9 even if the purchase is made in the currency

of the country where Order 9 is installed, and sales sales are managed as deposits of T9.

(2) T9 Operation Risk Supplementary Policy

The foundation will continue to purchase 9CO through the exchange with profits such as interest generated from cash

deposited while operating the T9. The purpose of purchase is to receive and hold T9 through the 9CO, which allows

the company to hold 100% or more reserve ratios. Use additional reserves to deal with potential loss incidents. It is

also used as a basic fund for various future projects.

Tourist

Tourist Tourist

Compensation for registered members of tourism experience

TouristTouristTourist

Tourist

T9

T9T9

T9T9

T9T9

T9

Lvmama web community

9CO

T9

Invest

Reward

Tour siteKiosk

MileageT9

Merchant SHOPOrder9 kioskMileageT

T9

MileageT9

MileageT9

MileageTT9

Cryptocurrency

Exchange

PurchaseSale

Purchase

Purchase/Reward/Mileage

pay

T9 Usage of Tourist

payment

• 9CO/T9 Transaction Structure

Model of Token economic

T9

Payment

Cash pre settlement

collectionT9 colleactionT9

Cash after settlement

Foundation

BankT9 100%

Cash deposit


9CO/T9 Token economic Project Related Structure: Goal

THE9COMPANY(HK) 9CO/T9 Operation Foundation

9CO/T9 Operation consignee

tourism/Merchant services

Operators/individual customers

9CO/T9 purpose wallet

distribution / logistics / payment / investment

THE9COMPANYKOREA

GLOBAL KIOSK

BIG DATA

A.I

Global Blockhain Platform

2 Business roadmap

1) 9CO Token Sale and Development Schedule

(1) Start private sales to business alliances from July, 2019

① 9CO is going to register the exchange before the IEO and will focus on private sales for business alliance until the

official IEO matches.

② The official IEO is conducted at the time of official issuance and operation of T9.

③ Register in exchange: End of August 2019~ Early September

(2) Development schedule

① 2019 2Q Develop 9CO Token: On ERC20 base.

② 2019 3Q Complete kiosk for merchant

③ 2020 2Q Develop consolidate wallet for merchant’s kiosk and service

④ 2020 4Q Launch T9 main net : Use EXALAB’s main net technology to develop

⑤ 2021 1Q Develop and service T9/9CO/consociate purpose wallet

⑥ 2021 4Q Develop blockchain based kiosk

⑦ 2022 4Q Develop main net that utilize Develop blockchain based kiosk node

⑧ 2023 2Q Launch main net that utilize Develop blockchain based kiosk node: T9/BITCOIN

7. conclusion 44

2) 9CO Issuing plan

(1) Total issuing amount 10,000,000,000 9CO

① 1 9CO issuing price: 0.1USD

② 1st issue amount: 2,000,000,000 9CO

③ Reserve: 8,000,000,000 9CO

(2) 9CO Distribution Plan

① TEAM/ADVISER: 300,000,000 9CO / 3%

② Marketing: 200,000,000 9CO /2%

③ Sales: 1,500,000,000 9CO /15%

④ Reserve: 8,000,000,000 9CO /80%

* The sale is carried out based on the market price of the reserve 9CO, The final issue price of the primary distribution volume and

the difference on the net occurrence of the difference are airdropped to the holder holding 9CO by T9 to compensate for the loss

of value. The airdrop criteria shall be stipulated in accordance with the 9CO holder's retention policy prior to issue.

(3) 9CO Sale Quantity Usage Plan

① Manufacture kiosk : 80%

② Install and supply kiosk : 15%

③ Development and pilot operation of new Kiosk model : 5%

④ The use plan of the reserve volume shall be disclosed at the time of reissuance of the white paper prior to use of

the reserve quantity.

7. Conclusion

善한 意志의 資本

THE9 stands at a starting point where it can preempt opportunities for integration and joint operation of systems

in the global market by converting its global operating system accumulated over the past 10 years into a blockchain

base. THE9 will spread the system's operating countries to 20 countries in 2022 and will be reborn as the world's No.

1 system service provider, with a target of 500 million global users in 2023.

THE9 will achieve these goals early through a coalition with EXA Alliance and through EXA Lab, EXA Alliance's technical

skills and numerous partners will be involved.

THE9 will continue to pursue 'capital of good will' to re-divide the benefits of industry into places in physically

unequal circumstances in line with its founding purpose, and will incorporate new perspectives through the successful

operation of the operating system.


8. THE9COMPANY / THE9TEAM / ADVISER

1 THE9COMPANY H.K

차 승 혁

CHA. SEUNG HYUK

Present) The9company CHAIRMAN

Previous) Cyders Co. Vice president (listed company)

Previous) CKGroove. CEO

나 현 채

RA. HYUN CHAI

Present) The9company CEO

Previous) Mega Web co. Global CEO

Present) SNP Co. CEO

김 진 선

KIM. JIN SUN

Present) The9company CFO

Previous) Mega Web Co. CEO

Previous) Tobesoft CEO(listed company)

2 “THE9” TEAM

송 영 환

SONG. YOUNG HWAN

Present) 1951 Co. CEO

전) HS 창업투자 이사

전) 주식회사 엘림에듀 이사(상장사)

刘晨骅

ALAN LIU

Present) CLTech Ltd. CEO (china)

Previous) Shanghai Seekerkufoo Electronic Engineering Ltd.

Finance manager

Previous) Cyders co. China CEO

8. THE9COMPANY TEAM THE9 ADVISER 46

刘翀CHARLIES LIU

Present) Smart G Ltd. CEO (china)

Previous) Shanghai Seekerkufoo Electronic Engineering Ltd.

Operation a commissioner

Present) Shanghai Masaja Electronic Science Company Ltd. CEO

西本正夫NISHMOTO MASAO

Present) Assiat Co. CEO (japan)

Previous) SSK Co. Director of Operations

위 인 복

WI. IN BOK

Present) IB Corporation Co. CEO (japan)

Previous) TAKE4 Co. CEO (Philippine)

TONY LEE

TONY LEE

Present) JNL GLOBAL INDONESIA Co. CEO (Indonesia)

황 영 일

HWANG. YOUNG IL

Present) Nine M.M. CEO (Korea)

Previous) CEO of Eleven Co., Ltd.

석 광 식

SUK. KWANG SIK

Present) LKorea Co. CMO

송 석 기

SONG. SUK KI

Present) Wilcom CEO (Vietnam)

Previous) Director of WOWcom, Inc.

ERIC KIM

ERIC KIM

Previous) CK corporation CEO (USA)

Present) CK corporation CEO (USA)


최 대 승

CHOI. DEA SEUNG

Present) Shanghai TOURPASS Development Director.

현 승 철

Hyeon. Seung Cheol

Present) CEO of Rainbow Mobility, Inc.

김 종 우

KIM. JONG WOO

Present) Exalab CEO

임 태 훈

Im. Tae Hoon

Present) Exalab CMO

변 성 준

LOUIS PYON

Present) Exalab CTO

허 복 재

BOKJAE HEO

Present) Exalab Blockchain Research Institute Team Leader

장 대 웅

현) Exalab 해외사업부서장

김 한 결

Kim. Han Gyeol

Present) Exalab

8. THE9COMPANY TEAM THE9 ADVISER 48

3 ADVISER

김 한 곤

KIM. HAN GON

Present) Professor of Sungkyunkwan University

Previous) Vice President of Cultural Contents Promotion

Institute

Previous) Deputy Director of the Department of Tourism

전 약 표

JUN. YAK PYO

강 상 현

KANG. SANG HYUN

Present) Professor of Image Design at Dongseo University

Previous) ID CEO, Inc.

윤 일 환

YOON. IL HWAN

Previous) Vice Chairman of IR Network, Seoul

나 기 태

NA. KEI TH

Present) General Manager of Seosan Water Resort

Previous) General Manager of Benikia Hotel

Previous) Manager of Hilton Hotel

김 재 향

KIM. JAE HYANG

Present) Pay Express CEO

곽 근 서

Kwak. Gun Seo

현) Pay Express CSO

전) 클로버세븐 모바일마케팅 플랫폼 CSO

송 성 운

Song. Sung Un

현) 스위클 CEO

전) 한국NFC 총괄이사(창업자)

Present) Professor of aviation tourism at Suwon University

of Science and Technology / Director of Tourism

Industry Forum, Director of International Tourism

Forum

Previous) Secretary-General of the Airline Representative

Council

Previous) Manager of Asiana Airlines


9. Legal Notices

Please read the notice below carefully before participating in coin sales.

Please note that this notice applies to all readers who read the white paper and that the notice may be changed or

updated. If you are unsure of your future behavior in reading the white paper, we recommend you seek advice from

legal, financial, tax, and other experts. The information provided in the white paper and on the website is a reference

and does not provide advice regarding the purchase of 9CO. In addition, all transactions, including 9CO purchase and

sale, shall be carried out at the party's responsibility.

[Legal Notice]

The white paper of THE9 is designed to provide specific information such as the overall contents and road map of

the 9CO project to those interested in the Kiosk system and service for operation of tourist attractions operated

on the 9CO platform operated by THE9. This white paper is not intended to encourage investment, etc. and has

nothing to do with it. Please note once again that in the event of damage, loss, debt or other financial damages

arising out of reference to this white paper, THE9 will not be liable for any compensation, compensation or other

responsibilities Please note that this white paper from THE9 is not a final copy as it was prepared and can be updated

irregularly without guaranteeing that nothing contained in the white paper will be accurate or changed until future

time. In particular, the details of the white paper and the business operation and financial status of the company were

prepared based on the details of the partnership with EXA Alliance, which is a partner's consultative body, and the

company's financial status, are not guaranteed to be changed or accurate until the future date..

[legal disclaimer]

THE9 makes no representations and guarantees to anyone who reads this white paper and assumes no legal

responsibility for it. For example, this white paper is written on the basis of legitimate rights and does not guarantee

that it does not infringe any third-party rights, that it is commercially valuable or useful, that it is suitable for the

achievement of a particular purpose of those who are reading it, or that its contents are error-free. The scope of

liability exemption is not limited to the mentioned example, but also applies to various examples.

[limitations of distribution and propagation]

Dissemination or spread of this white paper in whole or in part may be prohibited and restricted by the legal or

regulatory requirements of any jurisdiction In the event of a restriction, you shall understand the restrictions applicable

to the possession of this White Paper, seek advice, and comply with them, and the executives, employees, agents,

and associates of THE9 and related companies shall not be held liable for such restrictions. If this white paper is to

be viewed or held by distribution or dissemination, do not share it with others for any purpose or allow or provide a

cause for such a situation.

[KYC Compliance]

Customers participating in the sale of 9CO must comply with the Customer Real-name Procedure (KYC) regulations

and all other applicable regulations after a crowd sale for identification purposes. Therefore, 9CO will do its best to

provide convenience and stability to customers based on mutual trust as follows:..

9. Legal Notices 50

1. 9CO complies with ICO-related laws, such as the KYC and the Anti-Money Laundering Act (AML).

2. 9CO complies with the Personal Information Protection Act to protect customer's personal information,

including user registration information.

3. 9CO uses KYC personal information collection only as information for the sale of tokens and will discard

documents submitted for KYC after ICO is closed. Details of the KYC procedure will be updated on the

website or other materials

Version ∵ Draft 2.0 (Korean)Last Updated ∵ AUGUST. 31, 2019

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