Finetechnix. Co.,Ltd. (KOSDAQ:A106240) intend to spin-off its IT Parts Manufacturing Business division on April 14, 2022. Under terms of transaction the ratio is decided as Spin-off surviving company: 0.3523395- Spin-off company: 0.6476605 (Indicate the number of new company shares to be issued per 1 surviving company share). Post completion, Finetechnix will operate as The LED lighting market business and the IT Parts Manufacturing Business division will be renamed as Fine M Tech/Fine M-Tech Co., Ltd. After the spin-off, the shares issued by the spin-off company will be re-listed on the KOSDAQ. For Year ended December 31, 2021, Manufacturing and sales of IT business division had total assets, total equity and total debt as KRW 170 billion, kRW 76.7 billion and KRW 94.5 billion respectively.

Finetechnix. Co.,Ltd board passed the resolution on April 14, 2022. Scheduled date of general meeting of existing shareholder on august 12, 2022. Expected date of listing of new shares is October 7, 2022 The spin-off plan may be partially modified or changed by the board of directors or Lead (underwriter) director prior to the general meeting of existing shareholder for approval. Expected date of divisional registration is September 2, 2022. The spin-off date is September 01, 2022