Tranche Update on KG Eco Technology Services Co., Ltd.'s Equity Buyback Plan announced on March 27, 2020.

KG Eco Solution Co Ltd, formerly KG Eco Technology Services Co Ltd, is a Korea-based company primarily engaged in the manufacturing and sales of bioenergy. The Company operates through three segments. The Bioenergy Business segment is mainly engaged in the manufacture and sale of bio heavy oil. The Steel and Port Business segment is engaged in the manufacture and sale of steel products. Additionally, this segment is engaged in the port facility operations. The Automobile Manufacturing Business segment is engaged in the manufacture and sale of finished vehicles.