A-Plus Group Officers and Agents agreed to acquire 23.18% stake in Aplus Asset Advisor Co., Ltd from A Plus Life Co., Ltd for KRW 15 billion on July 8, 2016. As part of transaction, A Plus Life agreed to sell approximately 4.63 million shares for KRW 3,250 per share. A Plus Life Co., Ltd will receive the consideration in cash at closing. A Plus Life Co., Ltd will sell 4.64 million shares of Aplus Asset Advisor Co., Ltd. After the transaction, A Plus Life Co., Ltd will hold 0.02 million shares of Aplus Asset Advisor Co., Ltd. Aplus Asset Advisor Co., Ltd reported total assets of KRW 52.64 billion, total common equity of KRW 24.25 billion, sales of KRW 185.7 billion and net profit of KRW 3.47 billion in 2015. The Board of Directors passed a resolution for the transaction on July 8, 2016. The transaction is expected to be completed on August 1, 2016. As of August 5, 2016, A-Plus Group Officers and Agents agreed to acquire 16.02% stake in Aplus Asset Advisor Co., Ltd from A Plus Life Co., Ltd for KRW 6.9 billion. A-Plus Group Officers and Agents cancelled the acquisition of 23.18% stake in Aplus Asset Advisor Co., Ltd from A Plus Life Co., Ltd on July 8, 2017.