G&T Bio Holdings Co., Ltd. signed a contract to acquire 5.4% stake in Foxbrain Co., Ltd. (KOSDAQ:A039230) from Double J Private Equity No1 Investment Partnership and Junpa Investment Association for KRW 10.1 billion on April 28, 2017. As per terms, G&T Bio Holdings Co., Ltd. will pay KRW 3.9 billion to Double J Private Equity No1 Investment Partnership at the time of the contract signing and 0.95 million shares will be acquired. G&T Bio Holdings Co., Ltd. will pay KRW 6.2 billion to Junpa Investment Association on May 17, 2017 and 1.03 billion shares will be acquired. As per an amendment on May 17, 2017, G&T Bio Holdings Co., Ltd. will deposit the amount payable to Junpa Investment Association on May 31, 2017. As per the amendment on May 31, 2017, G&T Bio Holdings Co., Ltd. will deposit the amount payable to Junpa Investment Association on June 30, 2017. As of June 30, 2017, G&T Bio Holdings Co., Ltd. will deposit an amount of KRW 6.2 billion to the account designated by the execution broker of Junpa Investment Association on July 14, 2017 and Junpa Investment Association will transfer 1.03 million shares of Foxbrain Co., Ltd. to G&T Bio Holdings Co., Ltd. G&T Bio Holdings Co., Ltd. will have the right to acquire 3.1 million shares from Junpa Investment Association at KRW 4100 per share within 3 months from the contract signing date. As of July 12, 2017, the right to acquire additional 3.1 million shares from Junpa Investment Association at KRW 4100 per share within 3 months from the contract signing date has been abandoned. As per the amendment report of July 27, 2017, G&T Bio Holdings Co., Ltd. will now deposit KRW 6.2 billion for the stocks owned by Junpa Investment Association to the account designated by the execution broker of Junpa Investment Association on August 11, 2017, earlier which were supposed to be deposited on July 27, 2017 and Junpa Investment Association will transfer 1.0 million shares to the G&T Bio Holdings Co., Ltd. As per the amendment on August 3, 2017, G&T Bio Holdings Co., Ltd. will now pay KRW 6 billion for the stocks owned by Junpa Investment Association to the account designated by the execution broker of Junpa Investment Association on August 3, 2017, and Double J Private Equity No1 Investment Partnership and Junpa Investment Association will transfer 1.1 million shares to G&T Bio Holdings Co., Ltd. Double J Private Equity No1 Investment Partnership and Junpa Investment Association will let G&T Bio Holdings Co., Ltd. select the officers of Foxbrain Co., Ltd. at the extraordinary meeting of shareholders. G&T Bio Holdings Co., Ltd. cancelled the acquisition of 5.4% stake in Foxbrain Co., Ltd. (KOSDAQ:A039230) from Double J Private Equity No1 Investment Partnership and Junpa Investment Association on April 28, 2018.