The Board of Hansol Paper Co., Ltd. (KOSE:A004150) announced the spin-off of printing paper, industrial paper and special paper business on April 7, 2013. For every 1 share held in Hansol Paper, the shareholders will get 0.4604428 shares of the newly established company. Hansol Holdings Co., Ltd. will be the surviving company after the spin-off of paper business from Hansol Paper Co., Ltd. The Board of Directors of Hansol Paper has resolved to undertake the transaction. The transaction is subject to approval by the shareholders of Hansol Paper at a meeting to be held on July 30, 2013 and the transaction is expected to close on September 1, 2013. As of October 16, 2014, the the shareholdersof record date December 31, 2014 will get 0.3790650 shares of the newly established company. The listing of shares is expected to take place by January 26, 2015. Shareholders of Hansol Paper Co., Ltd approved the transaction on November 28, 2014. Daejoo Accounting Corporation acted as accountant to Hansol Paper.

The Board of Hansol Paper Co., Ltd. (KOSE:A004150) completed the spin-off of printing paper, industrial paper and special paper business on January 1, 2015.