Cosmo L&S Co., Ltd. acquired Cosmo SNF Co., Ltd. from GS Holdings Corp. (KOSE:A078930), Cosmo Group and other shareholders for nil consideration on December 31, 2012. For the year ended December 31, 2011, clothing business has total assets of KRW 737.7 million, sales revenue of KRW 198.61 million, total liabilities of KRW 60 million, shareholder's equity of KRW 677.61 million and net loss of KRW 22.39 million. Board of Directors and shareholders resolved the transaction on December 31, 2012.

Cosmo L&S Co., Ltd. completed the acquisition of Cosmo SNF Co., Ltd. from GS Holdings Corp. (KOSE:A078930), Cosmo Group and other shareholders for nil consideration on December 31, 2012.