The Board of K.C. Tech Co., Ltd. (KOSE:A029460) resolved to spin-off semiconductor/display equipment and material business division on June 12, 2017. The distribution ratio is 0.5941099 shares per 1 of the distributing company's share held. The semiconductor/display equipment and material business divisions are being divided to establish a newly established company, while the surviving company will continue to operate the utility business and investment business. After the spin-off, the shares of the newly established company shall be re-listed.

The issued shares of the surviving company after spin-off will change listing. K.C. Tech Co., Ltd. will be renamed as KC CO., LTD. The spun-off entity will be named KCTech CO., LTD. The spun off business reported total assets of KRW 226.1 billion and total capital of KRW 183.8 billion as on March 31, 2017. The shareholders of K.C. Tech Co., Ltd. approved the transaction on September 29, 2017.

The record date will be October 31, 2017 and the spin-off due date will be November 1, 2017. The listing date is December 5, 2017.