Zero to Seven Ends Operations in Fashion Business Division

[Asia Economy Reporter Hwang Junho] Zero to Seven announced on the 31st that it will cease operations of its fashion business division. This is due to a decline in sales and continued operating losses in the fashion business division.

The company stated, "We will focus on exhausting the remaining inventory of the fashion business division and concentrate on our main businesses, Gungjungbichek and packaging, to improve the overall corporate profit structure."

Accordingly, the Korea Exchange KOSDAQ Market Headquarters announced that, pursuant to Article 37 of the KOSDAQ Market Business Regulations, trading of the company's shares will be suspended from 15:37 until the market closes on the same day.