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.

Samho International Co., Ltd. (KOSE:A001880) completed the acquisition of Korea Development Corporation from Daelim Industrial Co., Ltd. (KOSE:A000210), Chemtech Corporation, (School) Daelim Academy and others on July 2, 2020.