JNB Co.,Ltd. entered into an agreement to acquire DB Finance No.9 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A367360) from A&G Holdings Co.,Ltd. and others for KRW 3.6 billion in a reverse merger transaction on March 30, 2023. The merger ration is 1:0.3474114 and 1,681,471 DB Finance No.9 Special Purpose Acquisition Co., Ltd. shares will be issued as consideration. Following completion of the merger, JNB Co.,Ltd will become the surviving corporation, and DB Finance No.9 Special Purpose Acquisition Co., Ltd. will become an extinguished corporation. JNB Co.,Ltd. will be listed on the KOSDAQ market. The expected closing date of transaction is September 2, 2023. As of June 26, 2023, the expected merger date is November 14, 2023.

JNB Co., Ltd. (KOSDAQ:A452160) completed the acquisition of DB Finance No.9 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A367360) from A&G Holdings Co.,Ltd. and others on November 8, 2023.