Credo Private Equity Limited, Goldenstory Pictures Co., Ltd., Natural Line Co., Ltd. and Jaehyuk Lee signed a contract to acquire 44.9% stake in Sacheon Aerospace Manufacturing Ind. Co., Ltd. (KOSDAQ:A263540) from Changwoo Lee, An Byunghyuk, Hyunjin Lee, Hongbo Jung and Hyunran lee for KRW 30 billion on May 24, 2019. Under the terms of the contract, 3.6 million shares will be acquired at a price of KRW 8327 per share. The consideration comprises of a deposit of KRW 3 billion on the contract signing date, second payment of KRW 7 billion on May 31, 2019 and balance payment of KRW 20 billion on July 3, 2019. As of July 3, 2019, the balance will be paid on July 23, 2019. Changwoo Lee, An Byunghyuk, Hyunjin Lee, Hongbo Jung and Hyunran lee are selling 2 million shares, 1.2 million shares, 0.24 million shares, 0.13 million shares and 0.01 million shares respectively. Credo Private Equity Limited, Goldenstory Pictures Co., Ltd., Natural Line Co., Ltd. and Jaehyuk Lee are acquiring 1.6 million shares, 0.67 million shares, 0.67 million shares and 0.67 million shares respectively. After the receipt of the deposit, An Byunghyuk will sell 0.28 million shares to Natural Line Co., Ltd, 0.28 million shares to Goldenstory Pictures Co., Ltd. and 0.28 million shares to Jaehyuk Lee. After the receipt of the balance, Changwoo Lee and 4 others will sell 1.6 million shares to Credo Private Equity Co., Ltd., 0.39 million shares to Natural Line Co., Ltd., 0.39 million shares to Goldenstory Pictures Co., Ltd. and 0.39 million shares to Jaehyuk Lee. As per the amendment report dated May 31, 2019, after the receipt of the deposit, An Byunghyuk will sell 0.84 million shares with Goldenstory Pictures Co., Ltd. acquiring 0.17 million shares and Jaehyuk Lee acquiring 0.67 million shares. After the receipt of the balance, Changwoo Lee and 4 others will sell 2.8 million shares with Credo Private Equity Co., Ltd. acquiring 1.6 million shares, Natural Line Co., Ltd. acquiring 0.67 million shares and Goldenstory Pictures Co., Ltd. acquiring 0.5 million shares. As of July 17, 2019, out of the balance payment of KRW 20 billion, KRW 5.6 billion was paid by Natural Line Co., Ltd. As of July 19, 2019, the buyers for remaining share acquisition were changed from Credo Private Equity Limited and Goldenstory Pictures Co., Ltd. to Credo Partners Co.,Ltd., Dream Chain Co., Ltd., Heyday Company Co.,Ltd. and Goldenstory Pictures Co., Ltd. As of July 19, 2019, Credo Partners Co.,Ltd., Natural Line Co., Ltd., Dream Chain Co., Ltd., Heyday Company Co.,Ltd., Goldenstory Pictures Co., Ltd. and Jaehyuk Lee signed a contract to acquire 44.9% stake in Sacheon Aerospace Manufacturing Ind. Co., Ltd. from Changwoo Lee, An Byunghyuk, Hyunjin Lee, Hongbo Jung and Hyunran lee for KRW 30 billion. Credo Partners Co.,Ltd., Dream Chain Co., Ltd., Heyday Company Co.,Ltd. and Goldenstory Pictures Co., Ltd. will acquire 1.02 million shares, 0.6 million shares, 0.5 million shares and 0.17 million shares respectively. As of July 19, 2019, KRW 8.9 billion was paid and the balance KRW 5.5 billion will be paid on July 25, 2019. As of July 24, 2019, balance amount of KRW 5.5 billion will be paid on July 24, 2019. As of May 31, 2019, Goldenstory Pictures Co., Ltd. acquired 0.17 million shares amounting to 2.1% stake in Sacheon Aerospace Manufacturing Ind. Co., Ltd. As of July 17, 2019, Hyunjin Lee sold 0.24 million shares, Hyunran Lee sold 0.01 million shares, Byunghyuk An sold 0.29 million shares, Hongbo Jung sold 0.13 million shares and Natural Line Co., Ltd. acquired 0.67 million shares amounting to 8.38% stake. As of July 19, 2019, Changwoo Lee sold 1.07 million shares and Dream Chain Co., Ltd. and Heyday Company Co.,Ltd. acquired 0.6 million shares and 0.5 million shares amounting to 7.1% stake and 6.3% stake respectively. The transaction is expected to be completed on July 3, 2019. As of July 3, 2019, the transaction is expected to be completed on July 23, 2019. As of July 19, 2019, the transaction is expected to be completed on July 25, 2019. As of July 24, 2019, the transaction is expected to be completed on July 24, 2019. Credo Partners Co.,Ltd., Natural Line Co., Ltd., Dream Chain Co., Ltd., Heyday Company Co.,Ltd., Goldenstory Pictures Co., Ltd. and Jaehyuk Lee completed the acquisition of 44.9% stake in Sacheon Aerospace Manufacturing Ind. Co., Ltd. (KOSDAQ:A263540) from Changwoo Lee, An Byunghyuk, Hyunjin Lee, Hongbo Jung and Hyunran lee on July 24, 2019. Credo Partners Co.,Ltd. acquired the remaining 1.02 million shares to be acquired under the terms of the transaction from Changwoo Lee and Byunghyuk An.