Tranche Update on BAIKSAN Co,. Ltd's Equity Buyback Plan announced on January 3, 2023.

BAIKSAN Co., Ltd is a Korea-based company mainly engaged in the manufacture and distribution of synthetic leathers. Along with its subsidiaries, the Company’s main products are synthetic leathers which are polyurethane synthetic leathers used for sports shoes, electrical products, automobile internal materials, furniture and others. The Company’ subsidiaries are P.T.BAIKSAN INDONESIA, DONGGUAN BAIKSAN and BAIKSAN VIETNAM. It distributes its products within domestic market and to overseas markets.