|Notice on Reporting the Spin-off||2016-03-02|
Notice on Reporting the Spin-offThe spin-off of Coway's water environment business was concluded at the extraordinary shareholders' meeting held on January 22, 2016. According to this, the new company (Coway Entech Co., Ltd.) is responsible for only liabilities which are devolved among all liabilities before the spin-off and holds no joint responsibility for remaining liabilities. In addition, the existing company (Coway Co., Ltd.) has responsibility for only liabilities which is not transferred to the new company among all liabilities before the spin-off and holds no joint responsibility for devolved liabilities.
Coway reports the completion of spin-off to its shareholders through this notice as the company had decided the substitution of the general reporting meeting with the conclusion by the Board of Directors and public notice.
March 2, 2016
17F, JoongAng Ilbo Bldg., 88, Seosomun-ro, Jung-gu, Seoul
Coway Co., Ltd.
CEO Kim, Dong-hyun
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