Kareroom Medical Equipment Co.,Ltd. (XKON:A327970) agreed to acquire All rights and Business Related to the Manufacture of Medical Electric Beds of Fursys Inc. for KRW 1 billion on June 26, 2020. As part of the transaction, consideration will paid in cash and a down payment of KRW 100 million will paid on June 26, 2020, interim payment of KRW 700 will be paid on July 31, 2020 and KRW 200 million will be paid on December 31, 2020. The transaction is expected to close on December 31, 2020.

Changchun Accounting Corporatio acted as accountant to Kareroom Medical Equipment Co.,Ltd.