Young In Engineering Co., Ltd. agreed to acquire Yuanta 4 SPECIAL PURPOSE ACQUISITION CO., LTD. (KOSDAQ:A313750) from L&C Partners Investment Co., Ltd. and others for KRW 64.7 billion in a reverse merger transaction on August 5, 2021. Merger ratio of transaction is Yuanta 4 SPECIAL PURPOSE ACQUISITION CO., LTD.: Young In Engineering Co., Ltd. =?1:9.5395000. 28.6 million shares will be issued by Yuanta as consideration. When the merger of Yuanta 4 SPECIAL PURPOSE ACQUISITION CO., LTD. and Young In Engineering Co., Ltd. is completed, Yuanta 4 SPECIAL PURPOSE ACQUISITION CO., LTD. will become a surviving corporation and Young In Engineering Co., Ltd. becomes a disbanded corporation. However, in reality, Young In Engineering Co., Ltd. will be listed on the KOSDAQ market while maintaining business continuity. Upon completion of the merger, the largest shareholder of combined company will be changed to CEO Kim, Hyun-jun with a stake of 75.63% (merger ratio 1:9.5395000) including related parties. Merger is expected to close on April 1, 2022.