On January 12, 2020, Bando Chemical Industries, Ltd. announced that Bando Group’s subsidiaries, including Daeho Development and Hanyeong Development, announced they had bought a combined 2 percent voting rights in Hanjin KAL for 46.8 billion won in December. Bando group also announced that it will take shareholder actions into account abiding by laws and the needs of the Company, considering the profits of the Company and stakeholders and adding its actions include the appointment or dismissal of the Company’s executives.