DRTECH Corporation agreed to acquire Hanwha Ace Special Purpose Acquisition 1st Co., Ltd. (KOSDAQ:A214680) in a reverse merger transaction on June 26, 2016. The merger ratio is 1: 6.2390476 and 34.4 million new shares will be issued from the merger. Resolution date of board of directors is June 27, 2016. The transaction is expected to be effective dated November 17, 2016. Shareholder definite record date is September 19, 2016. Scheduled general meeting of shareholders date is October 14, 2016. Merger date is expected to be November 17, 2016. General meeting of shareholders for the closing of the merger is November 18, 2016. Merger registration date is expected to be November 21, 2016. Scheduled delivery date of new share certificates is November 29, 2016. Scheduled listing date of new shares is November 30, 2016. The scheduled general meeting of shareholders date is now October 17, 2016. The transaction was approved by the shareholders of Hanwha Ace Special Purpose Acquisition on October 17, 2016.

DRTECH Corporation completed the acquisition of Hanwha Ace Special Purpose Acquisition 1st Co., Ltd. (KOSDAQ:A214680) in a reverse merger transaction on November 21, 2016.