The Board of Kolon Corporation (KOSE:A002020) intent to spin-off Kolon Lifestyle Company Co., Ltd on March 13, 2023. The Spin-off Ratio was 0.1457826. The Board of Kolon have passed the resolution on March 13, 2023 in board meeting.

Transaction is subject to approval by the regular general meeting of shareholders, the following items are reasonably necessary without additional approval from the general meeting of shareholders before the date of registration of the division. Transaction is expected to close on May 1, 2023.