Signet Ev Inc. (XKON:A260870) agreed to acquire 6.9% stake in NEXTCHIP Co., Ltd. from NC&Co., Ltd. on October 15, 2021. Signet Ev Inc. will acquire 0.99 million shares. In a related transaction, Signet Ev Inc. will carry out a capital increase and subscribe to 0.25 million new shares of NEXTCHIP Co., Ltd. The combined value for the transactions is KRW 10 billion.

The Board of Directors passed a resolution for the transaction on October 15, 2021. The transaction is expected to be completed on October 18, 2021.