Hahn & Co. No. 23 Co., Ltd. made an offer to acquire remaining 81.589613% stake in Lutronic Corporation (KOSDAQ:A085370) for KRW 768 billion on June 9, 2023. Hahn & Co. No. 23 Co., Ltd. entered into a definitive agreement to acquire remaining 81.589613% stake in Lutronic Corporation on June 14, 2023. The above borrowings are used for this tender offer out of the total loan amount of KRW 900 billion according to the loan agreement entered into between the tender buyer and NH Investment & Securities Co., Ltd., the main financial institution and the agency financial institution on June 8, 2023 Excluding unused loans. NH Investment & Securities Co., Ltd. (KOSE:A005940) acted as financial advisor to the Hahn & Co. No. 23 Co., Ltd.

Hahn & Co. No. 23 Co., Ltd. completed the acquisition of 66.81% stake in Lutronic Corporation (KOSDAQ:A085370) for KRW 630 billion on July 14, 2023.