Ibkimyoung Co., Ltd. signed an agreement to acquire Nh Special Purpose Acquisition 15 Co., Ltd. (KOSDAQ:A339950) for KRW 12.1 billion in a reverse merger transaction on April 21, 2020. The shares will be exchanged at a ratio of 1 : 1.2555. As per announcement of July 22, 2020. the shares will be exchanged at a ratio of 1 : 1.217. The transaction is subject to customary closing conditions, including approval of the shareholders. Board of Directors of Ibkimyoung approved the transaction. The Board of Nh Special Purpose Acquisition passed the resolution for the transaction on June 29, 2020. The meeting of the shareholders of Nh Special Purpose Acquisition is scheduled on August 17, 2020. As of August 19, 2020, shareholders of Nh Special Purpose Acquisition 15 approved the transaction. Transaction is expected to close by September 22, 2020. Scheduled date of merger registration is September 23, 2020.