An undisclosed buyer entered into a stock purchase agreement to acquire Waikiki Resort Hotel, Inc. from Hanjin Kal (KOSE:A180640) for approximately KRW 140.070 billion on April 18, 2024. Hanjin Kal planned to enter into a stock purchase agreement to sell 100% or 1.05 million shares of Waikiki Resort Hotel Inc for a disposal amount of KRW 140,066,800,000. The purpose of disposal was to secure funds through sale of shares.

The expected date of disposal is April 26, 2024.