LONGTU KOREA Inc. (KOSDAQ:A060240) agreed to acquire an additional 35.4% stake in Tigon Mobile Co., Ltd. from Jihoon Park, Neptune Company (KOSDAQ:A217270), Younghwan Byun and Yooseung Kim for KRW 5.3 billion on July 16, 2018. LONGTU KOREA Inc. will acquire 8504 shares of Tigon Mobile Co., Ltd. Jihoon Park will sell 4750 shares, Neptune Company will sell 3200 shares, Younghwan Byun will sell 384 shares and Yooseung Kim will sell 170 shares. LONGTU KOREA Inc. will pay KRW 346.25 million in cash and KRW 4.97 billion through issuance of fifth round convertible bonds. As of July 30, 2018, LONGTU KOREA Inc. paid KRW 4.97 billion through issuance of fifth round convertible bonds. After the transaction, LONGTU KOREA Inc. will hold 0.02 million shares amounting to 80% stake in Tigon Mobile Co., Ltd. The Board of Directors passed a resolution for the transaction on July 16, 2018. The transaction is expected to be completed on July 30, 2018.

LONGTU KOREA Inc. (KOSDAQ:A060240) cancelled the accquisition of an additional 35.4% stake in Tigon Mobile Co., Ltd. from Jihoon Park, Neptune Company (KOSDAQ:A217270), Younghwan Byun and Yooseung Kim on July 16, 2019.