An unknown buyer agreed to acquire 40% stake in Sae Hwashin Co.,Ltd. from Hwa Shin Tech Co., Ltd. (KOSE:A086250) for KRW 33.1 billion on August 28, 2013. Hwa Shin Tech will sell 2.4 million shares and will not hold any shares in Sae Hwashin after the completion of sale. Sae Hwashin Co.,Ltd. had revenues of KRW 141.23 billion, total assets of KRW 98.62 billion, net assets of KRW 63.51 billion and net income of KRW 1.62 billion for the year ended December 31, 2012.

The Board of Directors has passed the resolution for the transaction on August 28, 2013. The deal is scheduled to complete on August 28, 2013.