Tranche Update on Fine Digital Inc.'s Equity Buyback Plan announced on February 24, 2016.

FINEDIGITAL Inc. is a Korea-based company mainly engaged in the development and manufacture of wired and wireless communication equipment. The Company produces navigation systems, black boxes and mobile communication equipment such as radio frequency monitoring systems, repeaters, node splitters, wireless public phones, wireless Internet terminals, telematics terminals and others, and provides product related services. It also involves in the leasing business for Bundang and Bangbae-dong offices. The Company sells navigation systems through online websites such as www.fine-drive.com, www.gmarket.co.kr, www.auction.co.kr and others, as well as offline agencies. It distributes its products within domestic market and to overseas markets.