Widwin Investment Fund 30 and Widwin Investment Fund 32, managed by Widwin Investment Co., Ltd., and Nexen Tech Corporation (KOSDAQ:A073070) signed a contract to acquire 19.52% stake in DA Technology Co.,Ltd. from HUSTEEL CO., Ltd. (KOSE:A005010), Shinan Capital Services Co., Ltd. and Shinan Savings and Finance Co., Ltd. for KRW 26 billion on June 14, 2018. As per terms, total of 1.53 million shares will be acquired for KRW 17,000 per share. A deposit of KRW 2.6 billion is payable on the contract signing date and the remaining payment will be made on June 28, 2018.

HUSTEEL CO., Ltd, Shinan Capital Services and Shinan Savings and Finance will sell 0.95 million shares, 0.33 million shares and 0.25 million shares comprising 12.14%, 4.16% and 3.22% stake in DA Technology, respectively. Widwin Investment Fund 30, Widwin Investment Fund 32 and Nexen Tech Corporation will acquire 0.84 million shares, additional 0.54 million shares and 0.15 million shares, respectively. On June 14, 2018, Widwin Investment Fund 32 completed the acquisition of 0.54 million shares from HUSTEEL CO., Ltd., Shinan Capital Services Co., Ltd. and Shinan Savings and Finance Co., Ltd. On June 14, 2018, Widwin Investment Fund 30 completed the acquisition of 0.84 million shares from HUSTEEL CO., Ltd. The transaction is expected to close by June 28, 2018.