Tranche Update on Philoptics Co., Ltd.'s Equity Buyback Plan announced on September 1, 2017.

PHILOPTICS CO.,LTD. is a Korea-based company principally engaged in the manufacture and distribution of organic light emitting diodes (OLED) laser equipment. The OLED laser equipment are used in OLED displaying process, which include laser lift-off machines, cell cutting and shape cutting machines. The Company also has two operating segments. The Secondary Cell Laser Equipment Segment, which is engaged in the production of notching modules. And the Stepper and Other Equipment Segment, which is engaged in the manufacture of exposure machines which are mainly used for printed circuit boards (PCBs) and touch screen panels (TSPs). The Company is also involved in providing the equipment amending service, and the sales of relevant equipment.