SJ Tech Co. Ltd. and 3 other individuals agreed to acquire semi-conductor products and automobile parts businesses from Phoenix Materials Co., Ltd. KOSDAQ:A050090) for KRW 4.3 billion on November 18, 2014. The consideration is subject to adjustments. Semi-conductor products and automobile parts businesses will be transferred to newly established company Phoenix Tech Co., Ltd. The division effective date of transfer of Semi-conductor products and automobile parts businesses to newly established company is February 1, 2015 and registration date is February 6, 2015.

As of March 23, 2015, SJ Tech Co. Ltd. and 5 other individuals agreed to acquire semi-conductor products and automobile parts businesses from Phoenix Materials Co., Ltd. KOSDAQ:A050090) for KRW 2 billion including the deposits.

SJ Tech Co. Ltd. and 3 other individuals cancelled the acquisition of semi-conductor products and automobile parts businesses from Phoenix Materials Co., Ltd. KOSDAQ:A050090) on November 18, 2015.