Esol Partners Co., Ltd., Summit Invest Fund, Jonghwan Lee, Kwonyeop Kim, Namho Kim, Hyeri Jung, Yongseon Kim, Jiyeon Han, Taehwan Kim, Hyunjae Park, Wonseok Yang, Myungsoon Han and 6 other individuals signed an agreement to acquire 12% stake in MP Hankang CO., Ltd. (KOSDAQ:A219550) from MP Group Inc. for KRW 15 billion on September 7, 2018. Consideration will be paid in cash. Under the transaction, MP Group Inc. will sell 6.8 million shares. Consideration of KRW 8.8 billion was received on September 7, 2018 and balance of KRW 6.2 billion is to be received on October 15, 2018. The remaining 2.8 million shares and proprietary rights of MP Hankang will be transferred at the same time. The transaction has been resolved by the Board of MP Group Inc. Ghilin Accounting Corporation acted as external rating institution in the deal.

Esol Partners Co., Ltd., Summit Invest Fund, Jonghwan Lee, Kwonyeop Kim, Namho Kim, Hyeri Jung, Yongseon Kim, Jiyeon Han, Taehwan Kim, Hyunjae Park, Wonseok Yang, Myungsoon Han and 6 other individuals completed the acquisition of 12% stake in MP Hankang CO., Ltd. (KOSDAQ:A219550) from MP Group Inc. on October 15, 2018.