Lock & Lock: Affinity Equity Partners Offers a Tender Offer of a 30% Stake

• On 17 April, Affinity Equity Partners offered a tender offer of a 30% stake in Lock & Lock at 8,750 won per share.

• The tender offer period is from 18 April to 14 May. The number of shares that are included in this tender offer is 13.14 million shares (30.33% of outstanding shares).

• Lock & Lock's share price could trade higher close to the tender offer price of 8,750 won as the date as the end of the tender offer period approaches.