Daehan Flour Mills Co.,Ltd (KOSE:A001130) acquired Chef's Food Co., Ltd for KRW 62 billion on October 11, 2022. In relation to the acquisition amount, if the annual operating performance of Chef's Food in 2022 and 2023 meets certain requirements, the acquisition value can be increased up to a maximum of KRW 5 billion. As of December 31, 2021, Chef's Food had Revenue of KRW 21.5 billion, Total assets of KRW 16.5 billion, Net income of KRW 3.5 billion and Total common equity of KRW 12.8 billion. The transaction is passed by a resolution of board of directors on October 11, 2022.

Daehan Flour Mills Co.,Ltd (KOSE:A001130) completed the acquisition of Chef's Food Co., Ltd on October 11, 2022.