Tranche Update on Kaonmedia Co, Ltd.'s Equity Buyback Plan announced on April 1, 2022.

Kaon Group Co Ltd, formerly KAON Media Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of artificial intelligence solutions, over-the-top (OTT) services, network devices and integrated solutions. The Company operates its business through two segments. The Over-the-Top business segment is engaged in the provision of artificial intelligence and digital broadcasting reception services. The Network Business segment is engaged in the provision of broadband services.