The Board of Chosun Refractories Co.,Ltd. (KOSE:A000480) announced the spin off of Refractory Manufacturing Division on January 10, 2023. Spin of ratio is 0.2963792. The transaction is subject to approval of shareholders of Chosun Refractories.

Base date for allotment of new shares is May 31, 2023. As of February 28, 2023, Shareholders meeting is expected to be held on May 12, 2023. The date of division is June 1, 2023.

As of April 12, 2023, The date of division is July 1, 2023.