JMY Co., Ltd. signed a contract to acquire 13.57% stake in DA Technology Co.,Ltd. (KOSDAQ:A196490) from HUSTEEL CO., Ltd. (KOSE:A005010), Shinan Savings and Finance Co., Ltd. and Shinan Capital Services Co., Ltd. for KRW 19.2 billion on March 30, 2018. Under the terms of the transaction, JMY Co., Ltd. will acquire 1.03 million shares at KRW 18,689 per share. HUSTEEL CO., Ltd. will sell 0.45 million shares, Shinan Savings and Finance Co., Ltd. will sell 0.25 million shares and Shinan Capital Services Co., Ltd. will sell 0.33 million shares in DA Technology Co.,Ltd. A deposit of KRW 2 billion will be paid on contract signing date and balance of KRW 17.21 billion upon extraordinary shareholders' meeting date which is planned for May 14, 2018.

After the transaction, HUSTEEL CO., Ltd. will hold 0.5 million shares and Shinan Savings and Finance Co., Ltd. and Shinan Capital Services Co., Ltd. will hold no shares in DA Technology Co.,Ltd. upon completion. The transaction is expected to complete on May 14, 2018. On May 14, 2018, JMY Co., Ltd. entered into a change agreement to acquire 13.57% stake in DA Technology Co.,Ltd. from HUSTEEL CO., Ltd., Shinan Savings and Finance Co., Ltd. and Shinan Capital Services Co., Ltd. As of May 14, 2018, a deposit of KRW 2 billion will be paid on contract signing date and balance of KRW 17.21 billion will be transferred to escrow account by May 18, 2018 and will be paid on the extraordinary shareholders' meeting date which is planned for June 4, 2018.