U-Tech Co., Ltd. (KOSDAQ:A178780) agreed to acquire 25% stake in Bf Tech Co.,Ltd. for KRW 2.3 billion on August 4, 2017. U-Tech Co., Ltd. will acquire 0.08 million shares. During the year ended December 31, 2016, Bf Tech Co.,Ltd. had total assets of KRW 16.32 billion, sales of KRW 15.38 billion and net profit of KRW 955 million. Board of Directors of U-Tech Co., Ltd. made a resolution in favor of the transaction on August 4, 2017. The scheduled acquisition date is August 4, 2017. U-Tech Co., Ltd. (KOSDAQ:A178780) cancelled the acquisition of 25% stake in Bf Tech Co.,Ltd. on August 4, 2018.