Shenyang Siasun Investment Management Co., Ltd. agreed to acquire 80% stake in Shinsung FA Co., Ltd. from Shinsung E&G Co.,Ltd. (KOSE:A011930) for approximately KRW 100 billion on January 19, 2018. Shinsung FA Co., Ltd. consists of the spin-off of the automation equipment business division of Shinsung E&G Co.,Ltd. Under the terms of the transaction, Shinsung E&G Co.,Ltd. will sell 16 million shares of Shinsung FA Co., Ltd. After the close of the transaction, Shinsung E&G Co.,Ltd. will continue to hold 4 million shares of Shinsung FA Co., Ltd. The transaction has been resolved by the Board of Directors of Shinsung E&G Co.,Ltd. on January 19, 2018. The transaction is expected to complete on May 31, 2018. As of May 31, 2018, the expected closing of the deal will be announced by the Korea Fair Trade Commission through the amendment announcement upon completion of the pre-incorporation declaration procedure. Transaction is expected to be completed by June 22, 2018. KPMG Samjong Accounting Corp. acted as External Rating Institution. KPMG acted as financial advisor to Shinsung E&G Co.,Ltd. in the transaction. Shenyang Siasun Investment Management Co., Ltd. completed the acquisition of 80% stake in Shinsung FA Co., Ltd. from Shinsung E&G Co.,Ltd. (KOSE:A011930) on June 22, 2018.