Tranche Update on Maeil Holdings Co., Ltd.'s Equity Buyback Plan announced on August 13, 2019.

Maeil Holdings Co Ltd, formerly Maeil Dairies Co Ltd, is a Korea-based company mainly engaged in the manufacture and marketing of dairy products. The Company's product portfolio consists of infant food, including powdered milk, baby food, functional powdered milk and others under the brand names of Absolute and Maeil Mam’ma; milk, including regular milk, functional milk, sterilized milk and processed milk; fermented milk, including thick fermented milk, liquid fermented milk and stirred fermented milk, and beverages, including coffee beverages, soybean milk, cheese, wine and others. The Company also provides baby clothes and baby products. The Company distributes its products within domestic market and to overseas markets.