UBASE INC. made a tender offer to acquire additional 42.79% stake in Hanil Networks Co., Ltd. (KOSDAQ : A046110) for KRW 61.4 billion on May 13, 2022. UBASE will pay KRW 12,000 cash per share for 5,114,695 shares of Hanil Networks. Prior to this transaction, UBASE owns a 50.1% stake in Hanil Networks and upon completion, UBASE will own 11,104,227 shares, representing a 92.89% stake. The consideration will be funded from own funds. The tender offer period starts on May 13, 2022 and will end on June 10, 2022.

UBASE INC. completed the acquisition of additional 33.36% stake in Hanil Networks Co., Ltd. (KOSDAQ : A046110) for KRW 47.9 billion on June 10, 2022. Following this transaction, UBASE's stake in Hanil Networks increased to 83.46%.