Tranche Update on Haatz Inc.'s Equity Buyback Plan announced on March 26, 2020.

HAATZ Inc. is a Korea-based company engaged in the manufacture and sale of kitchen appliances. The Company produces hoods, including platinum hoods, decoration hoods, system hoods and hood accessories, such as fire extinguishers, automation ventilation sensors, ion clusters and others used for kitchen ventilation, as well as built-in appliances, including electric cook tops, gas cook tops, gas ovens, electric ovens, dish washers, dish dryers, refrigerators and others. The Company also engages in the construction of residential dynamic ventilation systems. The Company distributes its products within domestic market and to overseas markets.