Hansol Technics Co., Ltd. (KOSE:A004710) agreed to acquire remaining 76.58% stake in Hansol Lighting Inc. from Hansol Holdings Co., Ltd. (KOSE:A004150) and Hansol Logistics Co., Ltd. (KOSE:A009180) for KRW 21.8 billion in stock on May 18, 2015. Hansol Technics Co., Ltd. will issue 8.1267756 for each share of Hansol Lighting Inc. and will issue total of 1.06 million shares. The tentative date of merger contract signing date is May 20, 2015. The period of submission of objections from creditors will start from June 20, 2015 to July 20, 2015. In a related transaction, Hansol Lighting Inc. will spin-off its investment division and will establish a new company. Hansol Lighting Inc. will be dissolved after the transaction.

The transaction is subject to approval of Board of Directors of Hansol Technics Co., Ltd's meeting on June 19, 2015. The transaction is subject to approval of Board of Directors of Hansol Lighting Inc. The transaction is subject to Hansol Technics Co., Ltd.'s shareholder meeting on June 19, 2015. The transaction is subject to Government approval. Board of Directors of Hansol Lighting Inc. and Hansol Technics made a resolution in favor of the transaction on May 18, 2015. The merger date is August 1, 2015. Announcement date of closing of merger is August 3, 2015. The deal was approved by the Board of Directors of Hansol Technics on June 19, 2015. PricewaterhouseCoopers Korea acted as evaluation agency. PricewaterhouseCoopers Korea, Financial Advisory Arm acted as financial advsior for Hansol Technics Co., Ltd.

Hansol Technics Co., Ltd. (KOSE:A004710) completed the acquisition of remaining 76.58% stake in Hansol Lighting Inc. from Hansol Holdings Co., Ltd. (KOSE:A004150) and Hansol Logistics Co., Ltd. (KOSE:A009180) on August 1, 2015.