NVH Wonbang Tech Inc. agreed to acquire a 85.1% stake in Wonbang tech Co., Ltd. from Jkl Growthchamp 2011-1 Private Equity Fund, a fund managed by JKL Partners Inc., and other shareholders for approximately KRW 160 billion on May 23, 2018. Under the terms, NVH Wonbang Tech Inc. will acquire 3.8 million shares from Jkl Growthchamp 2011-1 Private Equity Fund and 0.47 million shares from others. The consideration will be paid in cash with scheduled payment date of May 23, 2018. The transaction is expected to complete on June 29, 2018.