Moonhyun Kang, SGA Partners Co., Ltd and Youngbo Park signed a contract to acquire 21.84% stake in SamwooEms co., Ltd (KOSDAQ:A082660) from Crucialtec Co., Ltd. (KOSDAQ:A114120) for KRW 5.9 billion on July 18, 2018. Crucialtec Co., Ltd. will sell 8.81 million shares of SamwooEms and upon completion, Crucialtec Co., Ltd will not hold any shares in SamwooEms co., Ltd. Moonhyun Kang, SGA Partners Co., Ltd and Youngbo Park will acquire 5.41 million shares, 2.4 million shares and 1 million shares respectively of SamwooEms. Moonhyun Kang, SGA Partners Co., Ltd and Youngbo Park will pay a deposit of KRW 362.2 million, KRW 161 million and KRW 67 million respectively on contract signing date and the respective remaining amounts of KRW 3.3 billion, KRW 1.45 billion and KRW 603 million will be paid once the transaction is approved by the extraordinary meeting of shareholders on August 10, 2018. Post transaction, Moonhyun Kang will own 13.40% stake in SamwooEms. The Board of Directors passed a resolution on the transaction on July 18, 2018. The transaction is expected to close on August 10, 2018.

Moonhyun Kang, SGA Partners Co., Ltd and Youngbo Park completed the acquisition of 21.84% stake in SamwooEms co., Ltd (KOSDAQ:A082660) from Crucialtec Co., Ltd. (KOSDAQ:A114120) on August 10, 2018. Post acquisition, Kang, Moon-Hyun appointed as new Chief Executive Officer of SamwooEms co., Ltd. Shareholders of SamwooEms co., Ltd have approved Moon-Hyun Kang, Hyunju Kwon and Bongki Shin appointed as internal directors and Junga Kim and Hoon Choi appointed as external directors of SamwooEms co., Ltd at the extraordinary shareholders' meeting held on August 10, 2018.