Tranche Update on Asia Paper Manufacturing. Co., Ltd's Equity Buyback Plan announced on January 10, 2024.

Asia Paper Manufacturing Co., Ltd is a Korea-based company principally engaged in the manufacture of linerboards and corrugated boxes. The Company provides linerboards including test linerboards, which are used for package of industrial products and agricultural products; gypsum linerboards, which are used in architecture gypsum boards, and kraft papers. In addition, it is engaged in the manufacture and sales of corrugated cardboards and corrugated boxes through its subsidiaries. The Company also involves in the real estate leasing business. It distributes its products within domestic market and to overseas markets. The Company’s main clients are Samsung Electronics, LG Electronics, CHEIL Industrial and others. On January 1, 2013, it merged with ASIA PAPERTEC INC., a Korea-based manufacturer of corrugated papers. After the merger, the Company survived and ASIA PAPERTEC was dissolved.