ILJIN Materials Co., Ltd. (KOSE:A020150) agreed to acquire an additional 11.38% stake in ILJIN Display Co., Ltd. (KOSE:A020760) for KRW 15.3 billion on December 21, 2016. ILJIN Materials Co., Ltd. will acquire 3.21 million shares and increase holding to 3.51 million shares. Board of Directors of ILJIN Materials Co., Ltd made a resolution in favor of the transaction on December 21, 2016.

The scheduled acquisition date is December 21, 2016.