The Board of Ecopro Co., Ltd. (KOSDAQ:A086520) announced the spin-off of environmental business division on November 5, 2020. Environmental business division reported total assets of KRW 131.8 billion and total common equity of KRW 68.6 billion. The record date for the transaction is April 30, 2021. The transaction is subject to the approval of Ecopro Co., Ltd.'s shareholders. The transaction is resolved by the Board of Ecopro Co., Ltd. The transaction is expected to close on May 1, 2021.

Ecopro Co., Ltd. (KOSDAQ:A086520) completed the spin-off of environmental business division on May 1, 2021. Environmental business division will operate under the name of Ecopro HN Co., Ltd. The listing date is expected to occur on May 28, 2021.