Hyundai Heavy Industries Green Energy Co.,Ltd agreed to acquire solar module business from HYMS Co., Ltd. for approximately KRW 200 million on December 23, 2016. The Solar Module business reported total assets of KRW 157 million as of November 30, 2016. The Board of Directors of HYMS resolved the acquisition on December 23, 2016. The transaction is expected to complete on January 1, 2017. Hyundai Heavy Industries Green Energy Co., Ltd. cancelled the acquisition of solar module business from HYMS Co., Ltd. on December 23, 2017.