Nano Chem Tech Inc agreed to acquire Jecheon International Travel Agency Co., Ltd from Yongzhe Huang for KRW 15 billion on May 31, 2018. Under the terms, a total of 0.04 million shares will be acquired as part of the deal. Consideration will be paid as KRW 12 billion in cash and the remaining payment to be made by issuing bonds of Nano Chem Tech, which will result in increase in share capital of Nano Chem Tech later. Cash consideration will be paid on May 31, 2018 and the remaining will be paid as of June 22, 2018. As of June 22, 2018, the payment date was changed from June 22, 2018 to August 23, 2018. As per amendment report on July 25, 2018, the consideration of KRW 15 billion paid in cash in which KRW 12 billion paid on May 31, 2018 and remaining balance of KRW 3 billion paid on July 25, 2018. The Board of Directors of Nano Chem Tech Inc resolved in favor of the deal on May 31, 2018. Deal is expected to close on May 31, 2018. Dongsuh Accounting Corporation was appointed as the external rating institution. Nano Chem Tech Inc cancelled the acquisition of Jecheon International Travel Agency Co., Ltd from Yongzhe Huang on May 31, 2019.