JUSUNG ENGINEERING Co.,Ltd. agreed to Spin-Off Semiconductor equipment research and development, manufacturing, and sales business division on May 2, 2024. Upon completion, JUSUNG ENGINEERING Co.,Ltd name will be changed to Jusung Holdings Co., Ltd., and the tentative name of spin co will be Jusung Engineering Co., Ltd. Shareholders of JUSUNG ENGINEERING will receive share in a spin co as of record date of October 31, 2024. For the period ended December 31, 2024, the division subject to spin off reported revenues of KRW 240 billion, total debt of KRW 53.5 billion and net assets of KRW 180 billion.

The expected spin off date is November 1, 2024.