Retirement of shares purchased by the Issuer during the share buyback

Huuuge, Inc. (the Issuer) informs that on April 26, 2024, in accordancewith Section 243 of the Delaware General Corporation law, the Board ofDirectors adopted a resolution on the retirement of 7,139,797 shares ofcommon stock of the Issuer representing 10.64% of the issued sharecapital of the Issuer comprising of 67,124,778 shares. The shares thatwere subject to the retirement were purchased by the Issuer during theshare buyback (current report No. 12/2024 dated March 14, 2024) with theintention that the shares will be retired, other than those sharesnecessary, in the Issuer's view, to satisfy its ongoing needs under theIssuer's employee stock option plans._#160;

Effective as of the adoption of the resolution of the Board ofDirectors, the retired shares resumed the status of authorized andunissued shares of the common stock of the Issuer. At the same time, theIssuer's issued share capital decreased from 67,124,778 to 59,984,981shares._#160;

Legal basis: Article 17(1) of the MAR Regulation