Korea Cement Co. Ltd. agreed to acquire NH Special Purpose Acquisition 3 Co., Ltd. (KOSDAQ:A198440) in a reverse merger transaction on September 8, 2016. The merger ratio is 1:2.1754643 between NH Special Purpose Acquisition and Korea Cement wherein 43.5 million new shares will be issued for the merger. As of February 9, 2017, The merger ratio has been revised to 1: 1.1739980 between NH Special Purpose Acquisition and Korea Cement wherein 23.5 million new shares will be issued for the merger. The name of NH Special Purpose Acquisition 3 will be changed to Korea Cement Co. Ltd. As of December 19, 2016, the schedule of the transaction was amended. The transaction is expected to close on February 7, 2017. The shareholder record date is December 9, 2016. Merger opposition notice receipt duration is from December 21, 2016 to January 4, 2017. Scheduled date of general meeting of shareholders is January 5, 2017. Exercise of Stock Option duration is from January 5, 2017 to January 25, 2017. Period of submission of objections from creditors is from January 6, 2017 to February 6, 2017. The merger date is February 7, 2017. End report general meeting date is February 7, 2017. Merger registration plan date is February 9, 2017. Scheduled delivery date of new share certificates is February 17, 2017. Scheduled listing date of new shares is February 20, 2017.

The transaction is expected to close on February 7, 2017. As of February 7, 2017, the schedule was amended. The shareholder record date is March 2, 2017. Merger opposition notice receipt duration is from March 13, 2017 to March 27, 2017. Scheduled date of general meeting of shareholders is March 28, 2017. Exercise of Stock Option duration is from March 28, 2017 to April 17, 2017. Period of submission of objections from creditors is from March 29, 2017 to April 29, 2017. The merger date is April 30, 2017. End report general meeting date is May 1, 2017. Merger registration plan date is May 2, 2017. Scheduled delivery date of new share certificates is May 12, 2017. Scheduled listing date of new shares is May 15, 2017.