CMS Education Co., Ltd. authorizes a Buyback Plan.

CMS Edu Co., Ltd. is a Korea-based company mainly engaged in the operating offline learning centers. The learning centers mainly provide mathematics courses for elementary school, middle school and high school's students, to improve their thinking power and problem-solving skills. The Company also offers various learning programs and courses, to help students to improve evaluation scores in high school and college entrance exams. And the Company also engages in the publication and distribution of textbooks and teaching materials. In addition, it sells its franchising to gain profits.