Iljin Relay Engineering and an unknown buyer agreed to acquire Newcarcar Inc. from G.U.ON Co., Ltd. for KRW 3.4 billion on July 14, 2021. Buyer will acquire 0.5 million shares of Newcarcar. Full cash was received on July 14, 2021. Newcarcar reported sales of KRW 46.98 billion, total assets of KRW 16.2 billion, net loss of KRW 254 million and total equity of KRW 2.1 billion in the previous year. The transaction is expected to close on July 14, 2021.