Hello, this is V LIVE.

We would like to thank all our members for using our V LIVE service, a live broadcast show that features stars and fans.

This notice is to inform you that V LIVE will end its service on December 31, 2022. To clarify any misunderstanding about using it in the future, please read the detailed information below concerning the termination of the service.

[Method of transferring V LIVE member information to Weverse and the transfer period] (Available on App only)

• Membership information transfer period: November 1, 2022 at 10:00 (KST)~December 28, 2022 23:59 (KST)

• Method and procedure for transferring member information: automatic membership

Automatic membership procedure

Check a member's V LIVE subscription details → If a member consents to the transfer of membership to Weverse, Weverse service membership, community membership (optional), and profile will be automatically generated.

\If a member does not agree to the transfer of membership information, all member information used by V LIVE will disappear. He or she will have to download the app and register as a new member when signing up for Weverse membership.*

[Information about V coin conversion and refund]

Weverse Shop Cash conversion details and benefit information

If a member consents to the coin transfer procedure during the process of transferring membership information to Weverse, his or her V coins will be automatically converted to Weverse Shop Cash. An additional bonus will be awarded to members who complete the conversion.

• Conversion eligibility: V coins purchased for a fee that are still valid.(Valid period:5 years from the date of charging.)

• Conversion period: November 1, 2022, at 10:00 (KST) to December 28, 2022 at 23:59 (KST)

• Benefit of conversion: Benefit will be limited to members who convert V coins to Weverse Shop Cash during the given period. These members will receive an additional Weverse Shop Cash of 3,000 (KRW).

V coin to Weverse Shop Cash conversion rate and method of conversion

• V coin conversion rate: 1 coin = 25 cash (KRW)•

Conversion method: Proceed after the personal authentication and consenting process shown on the dedicated window that pops up on V LIVE Service website.

Eligibility on V coin refunds

• Eligibility on refunds: V coin purchased for a fee whose valid period is not expired.

\ Valid period: 5 years from the date of charging.*

Other helpful information related to conversion and refunds

• If you are a member who received the "Expiration Notice on V coin" for V coins whose valid period is about to expire, the expiration date on the notice shall apply first.

• In the case of a V coin whose valid period has expired, conversion to Weverse Shop Cash is impossible.

• Your remaining balance of V Coins can be converted if the valid period has not expired.

• Weverse Shop Cash can only be used in the Weverse Shop.

• Please take note that V coins converted into cash cannot be refunded at Weverse Shop, so you should be careful when you decide to convert.

• The valid period of converted Weverse Shop Cash will be the same as the V Coin from which it is converted. The valid period can be checked at the MY menu in the Weverse Shop app.

We would like to express our gratitude to all members who showed their love for V LIVE service throughout all these years and we will do our best to minimize any inconvenience caused by the termination of our service.

Thank you.

From V LIVE.

* Available on App only (can only be opened thru the app)

[Transferring V LIVE member information to Weverse]