P&I System.Co.,Ltd agreed to acquire Humankind Co., Ltd for KRW 600 million on February 16, 2017. Under the terms of transaction, P&I System.Co.,Ltd will acquire 0.02 million shares of Humankind Co., Ltd and pay KRW 60 million 15 days after contract signing( March 3, 2017) and balance of KRW 540 million in 45 days after contract signing (April 2, 2017). For the year ended December 31, 2016, Humankind Co., Ltd reported total assets of KRW 78 million, sales of KRW 152 million and net loss of KRW 50 million. The transaction is expected to be completed by April 2, 2017.