Wuyangdan (China) intends to acquire Dongin High-Tech Plastic Alloy (Gunsan) Co., Ltd. from SM Hwajin Co., Ltd. for KRW 5.8 billion on July 30, 2021. Wuyangdan (China) signed an agreement to acquire Dongin High-Tech Plastic Alloy (Gunsan) Co., Ltd. from SM Hwajin Co., Ltd. on August 2, 2021. The financials of Dongin High-Tech Plastic for financial year December 31, 2020, are total assets of KRW 6.9 billion, net assets of KRW 5.6 billion, sales of KRW 481 million and net loss of 172.6 million.

the transaction is expected to close on January 31, 2022.