Sambon Precision & Electronics Co.,Ltd (KOSDAQ:A111870), Ritz Investment Partnership No. 1, Good Plan Invest Co., Ltd, Consilience Co., Ltd, Lakaikorea and In I & V Co., Ltd signed a contract to acquire 61.21% stake in JangWonTech Co., Ltd. (KOSDAQ:A174880) from Hyun Jang and Heesook Park for KRW 48.1 billion on January 4, 2019. Under the terms, Sambon Precision & Electronics, Ritz Investment Partnership, Good Plan Invest, Consilience Co., Ltd, Lakaikorea and In I & V Co., Ltd will acquire 3.7 million shares at KRW 0.01 per share in cash. Sambon Precision & Electronics, Ritz Investment Partnership, Good Plan Invest, Consilience Co., Ltd, In I & V Co., Ltd and Lakaikorea will acquire 1.4 million shares (23.16%), 0.8 million shares (12.73%), 0.5 million shares (7.64%), 0.3 million shares (4.45%), 0.26 million shares (4.33%) and 0.54 million shares (8.91%) respectively and Hyun Jang and Heesook Park is selling 2.9 million shares (47.97%) and 0.8 million shares (13.23%) respectively in JangWonTech.Sambon Precision & Electronics, Ritz Investment Partnership, Good Plan Invest, Consilience Co., Ltd, Lakaikorea and In I & V Co., Ltd paid an amount of KRW 5 billion on January 4, 2019 and the remaining balance of KRW 43.1 billion will be paid on January 31, 2019 in which Sambon Precision & Electronics paid KRW 2 billion on January 4, 2019 and the remaining balance of KRW 16.2 billion will be paid on January 31, 2019. As per the amendment dated January 31, 2019, Ritz Investment acquires 15.02% stake, Lakaikorea acquires 8.91% stake and Good Plan Invest acquires 5.34% stake.

The transaction was resolved by the Board of Directors of Sambon Precision & Electronics at the meeting held on January 4, 2019. The transaction is expected to be completed by January 31, 2019. DAHAN Accounting Corporation acted as an external rating institution in the transaction.

Sambon Precision & Electronics Co.,Ltd (KOSDAQ:A111870), Ritz Investment Partnership No. 1, Good Plan Invest Co., Ltd, Consilience Co., Ltd, Lakaikorea and In I & V Co., Ltd completed the acquisition of 61.21% stake in JangWonTech Co., Ltd. (KOSDAQ:A174880) from Hyun Jang and Heesook Park on January 31, 2019. Ritz Investment Partnership No. 1 acquired 15.01% stake instead of 12.73% stake and Good Plan Invest Co., Ltd acquired 5.34% stake instead of 7.64% stake at the closing of the transaction.