TR Investment and an unknown person signed a memorandum of understanding to acquire 13.1% stake in MP Group Inc. from Jeong, Woo-hyun and 5 others for KRW 15 billion on July 22, 2020. On October 5, 2020, a contract is signed. TR Investment and an unknown person will now acquire 12.4% stake (now accounting to 10 million shares) for a total of KRW 13 billion. Hence each share will be acquired at KRW 1300 per share. On November 19, 2020, a revised contract is signed. TR Investment and an unknown person will acquire 5.6% stake or 4.5 million shares. The satke will be acquired at KRW 5.9 billion or KRW 1300 per share. In a related transaction, MP Group Inc also issue 40 million new shares to TR Investment for KRW 20 billion. The due diligence expected to be conducted two weeks after the memorandum of understanding.