FN REPUBLIC Co., Ltd. (KOSDAQ:A064090) agreed to acquire an additional 11.97% stake in Jayjun Cosmetic Co., Ltd. (KOSE:A025620) from Jayjun Global Co.,Ltd for KRW 60 billion on August 31, 2017. The offer per share is KRW 7500. FN REPUBLIC Co., Ltd. will acquire 8 million shares of Jayjun Cosmetic Co., Ltd. in cash. FN REPUBLIC Co., Ltd. will pay a deposit of KRW 6 billion and second payment of KRW 24 billion on August 31, 2017 and 4 million shares will be transferred upon payment of deposit and second payment acceptance. FN REPUBLIC Co., Ltd. will pay the balance of KRW 30 billion on October 26, 2017. 4 million shares will be transferred upon payment of the balance amount. As on AUgust 31, 2017, FN REPUBLIC Co., Ltd. completed the acquisition of 4 million shares in Jayjun Cosmetic Co., Ltd. After the transaction, FN REPUBLIC Co., Ltd. will hold 8.26 million shares amounting to 12.36% stake in Jayjun Cosmetic Co., Ltd. FN REPUBLIC Co., Ltd. will fund the transaction through retained funds. The Board of Directors passed a resolution for the transaction on August 31, 2017. Samil PricewaterhouseCoopersacted as the external rating institution.

FN REPUBLIC Co., Ltd. (KOSDAQ:A064090) completed the acquisition of an additional 11.97% stake in Jayjun Cosmetic Co., Ltd. (KOSE:A025620) from Jayjun Global Co.,Ltd on October 26, 2017.