Tranche Update on Korea Engineering Consultants Corp.'s Equity Buyback Plan announced on March 3, 2020.

Korea Engineering Consultants Corp. is a Korea-based engineering and construction company. The Company is engaged in the provision of engineering and construction services for roads, highways and airports such as expansion of national roads, selection of location of new airport and others, harbors, railroads, bridges, traffic, water supply and sewage such as establishment of servicing plan for water supply and sewage systems, development of filtration of river water and others, plants, environment such as environmental impact assessment, urban planning, landscape and leisure facilities, power supplies, communication systems, foundation, supervision and others. The Company also involves in the leasing business.