Saehwa IMC Co., Ltd. agreed to acquire 39.65% in Cellbios Co., Ltd. for KRW 11 billion on March 5, 2018. As per terms, 2 million shares will be acquired by off the market transaction and 2 million by paid-in capital increase by allocating to the third parties. The Board of Directors of Saehwa IMC Co., Ltd. resolved the deal on March 5, 2018. The deal is expected to close on March 5, 2018. Saehwa IMC Co., Ltd. completed the acquisition of 39.65% in Cellbios Co., Ltd. on August 28, 2018.