Tranche Update on Poongsan Holdings Corporation's Equity Buyback Plan announced on December 28, 2021.

POONGSAN HOLDINGS CORPORATION is a Korea-based holding company engaged in the management of its subsidiaries. The Company’s subsidiaries include POONGSAN CORPORATION, engaged in manufacturing of non-ferrous metals, POONGSAN SPECIAL METAL CORPORATION, engaged in the manufacture of stainless steel products; Poongsan Valinox, involved in the manufacture of titanium products; POONGSAN METAL SERVICE, engaged in the provision of copper bar slitting services, and Hwadong Co., Ltd., engaged in the sales of coins, commemorative coins and others.