An unknown buyer agreed to acquirer an 19.57% stake in Bioway Inc. from Conbuzz Co., Ltd (KOSE:A109070) for KRW 1.88 billion on July 29, 2022. Bioway Inc. reported a Total assets of approximately KRW 890 million,Net loss of Approximately KRW 200 million,Total common equity of approximately KRW 20 million and Total debt of approximately KRW 870 million in 2021. As of August 31, 2022, The acquisition is expected to be closed on September 30, 2022.

As of September 30, 2022, the transaction is expected to close on October 28, 2022.