The Board of F&F Co., Ltd. (KOSE:A007700) announced the spin-off of fashion business division on November 20, 2020. The tentative name of fashion business division will be : F&F Co., Ltd. while the tentaive name of F&F Co., Ltd. will be F&F Holdings Co., Ltd. The spin-off surviving company to Separated new company ratio is 0.5025055: 0.4974945. As of September 30 , 2020, Fashion Business Division reported total assets of KRW 410,183.77 million and total common equity of KRW 264,446.05 million. The fashion business division will apply for listing. The scheduled listing date is May 21, 2021. F&F Co., Ltd.'s Board resolution date was November 20, 2020. As per announcement made on February 1, 2021, F&F Co., Ltd.'s shareholder meeting date of approval would be March 26, 2021. The base date for share allocation is April 30, 2021. The listing date is planned for May 21, 2021.

The Board of F&F Co., Ltd. (KOSE:A007700) completed the spin-off of fashion business division on May 21, 2021.