Samkee Automotive Co., Ltd. agreed to acquire Shandong Shangqi Automobile Transmission Gear Co., Ltd. for KRW 3.1 billion in cash on May 27, 2014. During the year ended December 31, 2013, Shandong Shangqi Automobile Transmission Gear Co., Ltd. had total assets of KRW 206.1 billion, total liabilities of KRW 129.4 billion, total stockholders' equity of KRW 76.63 billion, capital of KRW 1.54 billion, sales revenue of KRW 204.18 billion and net profit of KRW 12.6 billion. The Board of Directors of Samkee Automotive Co., Ltd. made a resolution in favor of the transaction on May 27, 2014. The scheduled acquisition date is May 29, 2014. The scheduled acquisition date has been postponed to May 30, 2014.

Samkee Automotive Co., Ltd. cancelled the acquisition of Shandong Shangqi Automobile Transmission Gear Co., Ltd. on May 27, 2015.