Elensys Co., Ltd. entered into an agreement IBKS No.6 Special Acquisition Company (KOSDAQ:A264850) in a reverse merger transaction on July 4, 2019. Under the terms of transaction, the merger ratio is: IBKS No.6 Special Acquisition Company:Elensys Co., Ltd.::1: 4.06; and will issue 22.7 million shares to Elensys Co., Ltd. The transaction has been resolved by the Board. The transaction is expected to be completed by December 4, 2019. As of September 19, 2019, the transaction is expected to close on December 20, 2019. E-Jung Accounting Corporation acted as external evaluation body and Samil Accounting Firm acted as external auditor in the transaction.