Codes Combine Co.,Ltd. (KOSDAQ:A047770) signed an agreement to sell innerwear business for KRW 25 billion on August 21, 2014. Codes Combine Co.,Ltd. will transfer entire trademark being used both in Korea and internationally with regards to the innerwear business, entire ownership inventories owned by Codes Combine regarding the innerwear business, management rights and contract regarding distribution shops owned by Codes Combine regarding the innerwear business, and entire rights with regards to the employment contract of all the employees engaged in the innerwear business. The Board of Directors of Codes Combine Co.,Ltd. made a resolution in favor of the transaction on August 21, 2014.

The expected record date for a business acquisition/sales general meeting of stockholders is September 5, 2014. The expected general meeting of stockholders for the business acquisition/sales date is October 6, 2014. As on October 6, 2014, transaction was approved by the shareholders of Codes Combine Co.,Ltd. The business acquisition/sales date is expected to be October 7, 2014.