The Board of Directors of Finetechnix Co., Ltd. (KOSDAQ:A106240) announced the spin-off of Fine MD Co., Ltd. on December 1, 2016. The shares of Fine MD Co., which will comprise the mobile phone part manufacturing business of Finetechnix Co., will be allocated according to the equity ratio held by the shareholders of the distributing company as of the allocation date of the new shares. The spin-off ratio based on the book value is 65:35. The record date for allotment of shares is July 31, 2017 which was earlier scheduled for April 28, 2017, amended as of March 24, 2017. After the spin-off, shares of the spun-off and newly established company will be re-listed on KOSDAQ of Korean Exchange after being evaluated pursuant to the KOSDAQ listing regulations, and the shares of the distributing company will be re-listed after the change of the company name to Fine Technix Co., Ltd. A general meeting of shareholders of Finetechnix Co. is scheduled on June 13, 2017, rescheduled from March 28, 2017, amended as of March 24, 2017. The spin-off date is August 1, 2017 which was earlier scheduled as May 1, 2017, amended as of March 24, 2017. The spin off registration date is also amended as August 3, 2017 from May 3, 2017 while the stock submission is now expected to start from June 14, 2017 and end on July 31, 2017 as per the amended terms. The new shares are expected to be listed on September 7, 2017. Finetechnix Co.,Ltd. (KOSDAQ:A106240) cancelled the spin-off of Fine MD Co., Ltd. on April 20, 2017. The transaction has been disapproved by the Korea Exchange.