Tranche Update on PHA Co., Ltd.'s Equity Buyback Plan announced on September 13, 2023.

PHA Co Ltd, formerly Pyeong Hwa Automotive Co Ltd is a Korea-based company mainly engaged in the manufacturing of automotive parts. The Company’s products portfolio consists of latch assemblies, including door, seat, hood, trunk lid and tail gate latches; door module assemblies, including sealed door modules and open door modules; hinge assemblies, including door, hood and trunk lid and tail gate hinges; striker assemblies, as well as door checkers, regulator systems, power systems and others. The Company distributes its products within domestic market and to overseas markets.