Automobile & PCB Inc. (KOSE:A015260) agreed to acquire Seat Business Segment of Ysp Co.,Ltd. for KRW 13000 million on May 26, 2022. Consideration will be in cash payment. The timing of payment will be:- contract conclusion date: (down payment: KRW 6,500,000,000) - contract performance date: (intermediate: KRW 5,500,000,000) - within 30 days from the date of performance of the contract: payment of the balance after the settlement of the transferable water payment. Payment conditions are: payment of the amount deducted from the down payment and the interim payment from the final transferable water payment to reflect the changes in the assets and liabilities after the date of the installment payment and the transfer standard date. Financing is done by cash held. The transaction is subject to approval from the shareholders. Expected closing date is July 8, 2022.