Tranche Update on Fursys Inc.'s Equity Buyback Plan announced on July 1, 2020.

Fursys Inc. is a Korea-based company mainly engaged in the design and manufacture of office furniture. The Company’s products consist of desks and panels, premiere class furniture, conference tables, personal computer (PC) tables, executive chairs, task chairs, multi-purpose chairs, sofa, sofa tables, lobby chairs, lounge chairs, partitions and others. The Company provides its products under the brand name FURSYS. The Company distributes its products within domestic market and to overseas markets, such as China, Taiwan, Singapore, Russia, Panama, Peru, Chile, Guatemala, Bulgaria, Saudi Arabia and others.