Nazara Technologies Limited — Important, 10-01-2025: Updates

Ninja Global FZCO, a subsidiary of Nodwin Gaming Private Limited, has transferred its entire shareholding in Ninja Espor Prodüksiyon Anonim Şirketi to Nodwin Gaming Global FZCO, marking a strategic consolidation effort. Following this transfer, Ninja Turkey has merged with Arrakis Tanitim Organizasyon Pazarlama San. Tic. Ltd. Sti., resulting in a unified entity named Arrakis Turkey, effective December 30, 2024. This merger is classified as an exempt related party transaction. Additionally, Ninja is set to undergo voluntary dissolution, anticipated to conclude within two months. Consequently, it will no longer be a subsidiary of Nodwin Singapore or step-down subsidiary of Nazara Technologies. The financial contributions of Ninja and Ninja Turkey to Nazara's consolidated outcomes for FY 2023-24 are not applicable, as the acquisition occurred within the current fiscal year. This restructuring could impact future strategic positioning, warranting close observation by investors.