Xinruixiang Holding Limited made a tender offer to acquire additional 27.54% stake in Great Rich Technologies Limited (KOSDAQ : A900290) for KRW 22.9 billion on March 29, 2022. Xinruixiang Holding offered to pay KRW 1,237 cash per share to acquire 18.55 million shares, representing approximately 27.54% stake in Rich Technologies. The offer period starts on March 30, 2022 and will close on April 18, 2022.

Xinruixiang Holding Limited completed the acquisition of additional 0.17% stake in Great Rich Technologies Limited (KOSDAQ : A900290) for approximately KRW 140 million on April 18, 2022. Upon closing of the offer, Xinruixiang Holding acquired 112,952 shares of Rich Technologies.