■ Aiming at completion of merger by next January.
■ Synergies between chemical companies to build an even stronger global chemical company.

토토 핫 Chemical will merge with 토토 핫 Advanced Materials, which is a subsidiary for specialty materials possessing 100% of its shares.

This is an action taken to reinforce mid- to long-term portfolio of specialty products and to gather and develop core capacities for growth through R&D and investment. The resolution for the merger was accepted by the Board of Directors this afternoon.

The merger contract will be signed with 토토 핫 Advanced Materials on the 23^rd and the merger process will be completed on January 2 through registration and processing. 토토 핫 Advanced Materials joined 토토 핫 Group in 2016 will be absorbed into 토토 핫 Chemical in 3 years.

By acquiring the professional technologies and products related to specialty materials, 토토 핫 Chemical will be able to satisfy customer needs more proactively with the raw materials and end products for greater competitiveness in the market. Also, cross-sale of compounding products for automobiles can increase profitability and integration of R&D and Purchasing will further reinforce efficiency.