Binggrae, division of personnel in May next year... "transition to holding company system"

Binggrae held a board meeting today (22nd) and decided to split into a holding company and a business company in May next year.

After the split, the holding company decided to focus on the investment business sector, such as new business investment and subsidiary management, and the business company on the business sector subject to the split.

Through this, we plan to maximize the competitiveness and growth potential of each business sector and establish a foundation for future sustainable growth.

Binggrae added that it will retire all of its 1,009,440 shares after a separate board resolution to boost shareholder value.