Hwa Shin Tech Co., Ltd. (KOSE:A086250) agreed to acquire 25,928 square meters land at 342-1 Sang-ri, Hyunpoong-Myun in Dalseong-Gun Daegu Metropolitan City from Korea Land & Housing Corp. for KRW 6 billion on December 20, 2011. Hwa Shin Tech Co., Ltd will pay 10% of the acquisition amount upon contract signing and the remaining 90% will be paid every 6 months equally for 6 times. The Board of Directors of Hwa Shin Tech Co., Ltd passed a resolution for the transaction on December 20, 2011 and the transaction is expected to be completed by June 30, 2013.

Hwa Shin Tech Co., Ltd. (KOSE:A086250) cancelled the acquisition of 25,928 square meters land at 342-1 Sang-ri, Hyunpoong-Myun in Dalseong-Gun Daegu Metropolitan City from Korea Land & Housing Corp. on December 20, 2012.