HansolNexG Co., Ltd (KOSDAQ:A081970) signed a contract to acquire 7.6% stake in Sapphire Technology Co., Ltd (KOSDAQ:A123260) from Hui-Choon Lee for KRW 10.5 billion on February 22, 2018. Under the transaction, HansolNexG Co., Ltd will acquire 1.5 million shares at KRW 6,818 per share. As a part of consideration, a deposit of KRW 4 billion to be paid on the contract signing date, second payment of KRW 3.5 billion to be paid on March 20, 2018 and same time 0.24 million shares will be transferred. Balance payment of KRW 3 billion to be paid on March 28, 2018 and same time 1.3 million shares will be transferred. As per the amendment report dated March 28, 2018, the balance payment will now be made on June 28, 2018. As per the amendment report dated June 28, 2018, the balance payment will now be made on August 28, 2018. As per the amendment report dated August 28, 2018, the balance payment will now be made on September 28, 2018. As per the amendment report dated September 28, 2018, the balance payment will now be made on December 28, 2018. As of November 28, 2018, Beijing Hwatech Power Science Technology Development Limited Company will also acquire stake in the transaction and the balance payment date has been changed to December 14, 2018. As per the amendment report dated December 28, 2018, the balance payment of KRW 2 billion will be paid on January 28, 2019. As of the date of the contract, Sapphire Technology Co., Ltd shall receive a resignation from the Director and auditors designated by HansolNexG Co., Ltd.'s side from Hui-Choon Lee and give it to HansolNexG Co., Ltd. Sapphire Technology Co., Ltd will hold a shareholders' meeting to appoint those nominated by HansolNexG Co., Ltd as directors and auditors of Sapphire Technology Co., Ltd within 45 days from the date of the contract. As on March 20, 2018, Hui-Choon Lee sold 0.24 million share. The transaction is expected to be completed by March 28, 2018. As per the amendment report dated June 28, 2018, the scheduled largest shareholder change date has been amended from June 28, 2018 to August 28, 2018. As per the amendment report dated August 28, 2018, the scheduled largest shareholder change date has been amended from August 28, 2018 to September 28, 2018. As per the amendment report dated September 28, 2018, the scheduled largest shareholder change date has been amended from September 28, 2018 to December 28, 2018. As per the amendment report on December 14, 2018, Beijing Hwatech Power Science Technology Development Limited Company cancelled the transaction. As per the amendment report on December 17, 2018, Beijing Hwatech Power Science Technology Development Limited Company undid the cancellation of the transaction. As per the amendment report dated December 28, 2018, Beijing Hwatech Power Science Technology Development Limited Company was removed from the status of additional buyer in the transaction and the transaction is expected to be completed by January 28, 2019. As of January 28, 2019, the transaction is expected to close on February 28, 2019. As of February 28, 2019, HansolNexG Co., Ltd has become the largest shareholder. However the payment for the last balance has not been made yet. HansolNexG Co., Ltd (KOSDAQ:A081970) cancelled the acquisition of 7.6% stake in Sapphire Technology Co., Ltd (KOSDAQ:A123260) from Hui-Choon Lee on August 28, 2019.