Seoul Luchen Co., Ltd. ("Seoul Luchen"), an affiliate of Daemyung Co., Ltd. ("Daemyung"), acquired 100% of the issued and outstanding shares of NT Development Co., Ltd. ("NT Development"), a PFV and wholly owned subsidiary of Taihan Electronic Wire Co., Ltd. ("Taihan Electronic Wire"), from Taihan Electronic Wire. Seoul Luchen owns the business rights for Nambu Terminal (including the land and terminal building) and Daemyung plans to develop the terminal into a residential/commercial terminal complex. Although the share price per share in SPA is KRW 100, this is due to balance sheet insolvency of NT Development. Conditioned upon Seoul Luchen's succession to financial liabilities of approximately KRW 177.5 million, the actual purchase price is KRW 177.5 million.