Duckyang Ind. Co., Ltd. (KOSE:A024900) agreed to acquire 60% stake in Beijing Mobis Chonche Automotive Parts Co., Ltd. from Hyundai Mobis Co.,Ltd. (KOSE:A012330) on February 12, 2015. Duckyang Ind. signed a contract to acquire 60% stake in Beijing Mobis Chonche Automotive Parts Co., Ltd. from Hyundai Mobis Co. for KRW 65.2 billion on April 30, 2015. The transaction consists of Beijing Mobis Chonche Automotive 60% stake for KRW 65.2 billion and royalty receiving right of KRW 8 billion owned by Hyundai Mobis. As of 2014, Beijing Mobis Chonche Automotive had total assets of CNY 635.18 million (KRW 113.21 billion), total liabilities of CNY 303.94 million (KRW 54.17 billion), total stockholders' equity of CNY 331.24 million (KRW 59.04 billion), sales revenue of CNY 1.33 billion (KRW 237.87 billion), operating income of CNY 92.85 million (KRW 16.55 billion) and net profit of CNY 73.44 million (KRW 13.09 billion). The transaction was resolved by Board of Directors of Duckyang Ind. on April 30, 2015. The scheduled acquisition date will be acquisition payment date which will be paid within 10 days after ratification approval of the Chinese authority. Hyundai Accounting Corporation acted as External valuation agency. KPMG Korea acted as financial advisor and accountant to Duckyang Ind. Co., Ltd. The conversions have been made from www.oanda.com as of May 5, 2015.

Duckyang Ind. Co., Ltd. (KOSE:A024900) cancelled the acquisition of 60% stake in Beijing Mobis Chonche Automotive Parts Co., Ltd. from Hyundai Mobis Co.,Ltd. (KOSE:A012330) on February 12, 2016.