KY Investment Partnership 1 entered into an agreement to acquire 13.67% stake in Nano Chem Tech Inc. (KOSDAQ:A091970) from J&S Partner Co., Ltd. for KRW 20.3 billion on June 11, 2019. Under the terms of the transaction, KY Investment Partnership 1 will acquire 3.12 million shares at KRW 6,500 per share. Out of total consideration, KRW 8 billion will be paid on contract signing date and the balance will be deposited in the law firm designated by the seller until the day before the temporary shareholders' meeting scheduled for Nano Chem Tech Inc., and J&S Partner Co., Ltd. shall deposit the balance in the law firm designated by KY Investment Partnership 1. Out of total shares, 1.23 million shares will be transferred when the initial deposit of KRW 8 billion will be paid. The transaction is expected to close on July 31, 2019. As per the amendment dated July 11, 2019, the transaction completion date was changed from July 26, 2019 to August 16, 2019. KY Investment Partnership 1 cancelled the acquisition of 13.67% stake in Nano Chem Tech Inc. (KOSDAQ:A091970) from J&S Partner Co., Ltd. on June 11, 2020.