An undisclosed buyer agreed to acquire 94.4% stake in K&C Music Co., Ltd. from LF Corp. (KOSE:A093050) for KRW 44 billion on April 27, 2020. As at December 31, 2020, K&C Music Co., Ltd. had total assets of KRW 10.9 billion and total equity of KRW 7.84 billion. For the year ended December 31, 2020, K&C Music Co., Ltd. had revenues of KRW 3.9 billion and net income of KRW 1.1 billion. The transaction was resolved at the Board meeting on April 27, 2021. The expected date of disposal is May 13, 2021.