WINIA Electronics Co., Ltd. agreed to acquire 29.722703% stake in Winia Electronics America, Inc. from Winia Aid Co., Ltd. (KOSDAQ:A377460) for KRW39.7 billion on December 22, 2022. As of December 26, 2022, The transaction is expected to complete on December 26, 2022. As per the terms of agreement, The expected transfer date is the first payment date.

The first payment of the transaction proceeds is premised on the fulfillment of all prerequisites or the fulfillment of which is exempted by the relevant parties. The balance of transaction payment may be changed according to the agreement. The payment of transaction price has partially paid on December 26, 2022 and balance January 20, 2023.

As of January 23, 2023, KRW 11.5 billion on December 26, 2023. Rest KRW 26.4547 billion will be paid on February 28, 2023.