Tranche Update on Meritz Securities Co., Ltd.'s Equity Buyback Plan announced on March 17, 2022.

Meritz Securities Co Ltd is a Korea-based company principally engaged in the provision of securities and financial services. The Company operates its business through five segments. The Securities segment mainly engages in the trading, brokerage, agency, acquisition of securities, and other business. The Credit Finance segment mainly engages in the facility loans, installment financing, new technology business financing, factoring, and general loans, among others. The Comprehensive Financial segment engages in the issuing, selling and brokering of promissory note and debt deed. The segment also engages in investing and financing working capital, guarantees of payments and bill management accounts and other business. The Headquarters Management segment engages in the headquarters management business. The Other Business segment engages in the trust business, and others.