Huons Co., Ltd. (KOSDAQ:A084110) agreed to spin off medical supply manufacturing business division on November 24, 2015. Under the terms of the spin off, for one share of Huons Co., Ltd., 0.5173205 shares of medical supply manufacturing business division will be distributed. The provisional name of the distributing company will be Huons Global Co., Ltd. and the provisional name of the newly established company from the spin-off will be Huons Co., Ltd. The resolution date of Board of Directors of Hulims Co., Ltd is November 24, 2015.

The general meeting of stockholders for a spin-off program memorandum approval is scheduled to be held on March 25, 2016. The scheduled date for the spinoff is May 1, 2016.