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○ About Bosch Group

The Bosch Group is a leading global supplier of technology and services, employing roughly 430,000 associates worldwide and generating sales of over 90 billion Euros in 2023. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technologies that is “Invented for life.”

○ About KB Wiper Systems Co., Ltd. (KBWS)

KBWS (a Bosch Company) was established in April 2015 as a Joint Venture (JV) between Bosch (50% of the shares) and a Korean automotive supplier (50% of the shares) in Daegu, South Korea. Bosch took over 100% of the shares in June 2022 and is currently integrating the company into Bosch group’s processes through a Post-Merger-Integration project. KBWS develops, manufactures and sells wiper systems, wiper arms, wiper blades as well as washer systems, generating sales of approx. 300 billion KRW in 2023 with approx. 600 associates.