Samho International Co., Ltd. (KOSE:A001880) agreed to acquire Korea Development Corporation from Daelim Industrial Co., Ltd. (KOSE:A000210), Chemtech Corporation, (School) Daelim Academy and others on March 27, 2020. (School) Daelim Academy holds 0.027 million shares representing 0.18% stake in Korea Development. Korea Development Corporation will be merged into Samho International in a merger ratio of Samho International Co ., Ltd. Common stock: Korea Development Corporation Common stock = 1: 0.4516274. Samho International Co., Ltd. Redeemable convertible preference shares : Korea Development Corporation Redeemable convertible preference shares = 1: 0.4516274.

Shareholders' meeting due date is May 13, 2020 and Date of board resolution (decision date) or fact confirmation date is March 27, 2020. Merger date is July 1, 2020.