An unknown buyer agreed to acquire an unknown stake in Dongbang Textile (Shenyang) Co., Ltd from Dongbang Transport Logistics Co., Ltd. (KOSE:A004140) for KRW 29.5 billion on December 15, 2017. For the year ended December 31, 2016, Dongbang Textile (Shenyang) Co., Ltd reported net assets of KRW 32.4 billion, total assets of KRW 44.2 billion, sales of KRW 24.3 billion and net loss of KRW 3.5 billion. The transaction is resolved by the Board of Directors of Dongbang Transport Logistics Co., Ltd. The transaction is expected to close on December 18, 2017. As per the amendment report dated December 18, 2017, the transaction is now expected to be completed by January 31, 2018. As per amendment report dated January 31, 2018, the transaction is now expected to be completed by June 30, 2018.