Tranche Update on PJ Electronics Co., Ltd.'s Equity Buyback Plan announced on November 3, 2020.

PJ Electronics Co., Ltd. is a Korea-based electronics manufacturing service (EMS) provider. The Company provides a total solution from material procurement, management to manufacturing with orders from technology companies. It is mainly engaged in the manufacture of ultrasonic wave diagnosis devices under the brand name GE and SIEMEN. The Company also involves in processing of surface mount devices (SMDs) under the brand name SONE, and providing printed circuit boards (PCBs) assemblies and set top boxes, global position system (GPS) modules as well as security equipment, among others. The Company is also involved in the real estate leasing business. It distributes its products within domestic market and to overseas markets.