Tranche Update on EZwelfare Company Ltd.'s Equity Buyback Plan announced on December 9, 2014.

Hyundai Ezwel Co Ltd, formerly Ezwel Co Ltd, is a Korea-based company primarily engaged in the provision of welfare services. The Company conducts businesses related to corporate and social welfare services such as selective welfare, welfare packages, and public welfare services. In addition, the Company, along with its subsidiaries, is involved in the development and consultation of software related to selective welfare projects, the operation of e-commerce, the provision of comprehensive medical information and employee assistance programs (EAPs), mental health care services, and travel tourism services. In addition, the Company is engaged in investments and the business of real estate construction and rental.