SH Asset Management Co Ltd and Rio Invest Co. signed an MOU to acquire AJ CAPITALPARTNERS CO.,Ltd from AJ Networks Co., Ltd. (KOSE:A095570) on December 11, 2020. On January 18, 2021, SH Asset Management Co Ltd and Rio Invest Co. signed an agreement to acquire AJ CAPITALPARTNERS CO.,Ltd for KRW 35.5 billion. Under the term, SH Asset Management Co Ltd and Rio Invest will acquire 10.01 million shares of AJ CAPITALPARTNERS. The final transaction price will be decided on the date of contract conclusion after reflecting the due diligence results. An exclusive priority negotiation rights are granted till January 8, 2021, and can be extended upon agreement between the parties. As of January 8, 2021, the exclusive priority negotiation rights period have now been extended to January 15, 2021. As on January 15, 2021, as per correction exclusive priority negotiation rights period have now been extended to January 18, 2021. The main contract is scheduled to sign in between the exclusivity period. The transaction was resolved by the board of AJ CAPITALPARTNERS on January 18, 2021. The transaction is expected to close on April 9, 2021. As of April 7, 2021, the transaction is expected to close on April 16, 2021.