An unknown buyer agreed to acquire unknown majority stake in TYEV Co., Ltd. for KRW 6 billion on July 24, 2017. Post-acquisition, TYEV Co., Ltd. will cease to be the subsidiary of Tae Yang C&L Co., Ltd. Board of Directors resolved the transaction on July 24, 2017. The transaction is expected to complete and payment is expected to be received on on July 31 2017. As per an amendment on July 31, 2017, the deal will close on August 4, 2017.