TR Fund 1, managed by Kwanghyung Cho and other members agreed to acquire 14.34% stake in J way Co., Ltd. (KOSDAQ:A058420) from Byung Gun Kim for KRW 6.3 billion on February 14, 2020. As per terms of transaction, TR Fund 1 will acquire 3 million shares of J way Co., Ltd. at KRW 2,100 per share. As per terms of consideration, TR Fund 1 paid KRW 600 million deposit at time of agreement, will pay KRW 1.4 billion on April 7, 2020 and remaining KRW 4.3 billion will be paid on June 30, 2020. As of April 6, 2020, payment of KRW 1.4 billion will be made on May 11, 2020 and balance of KRW 4.3 billion on June 30, 2020. As of May 11, 2020, the second payment of KRW 1.4 billion will be paid on June 3, 2020. As of June 3, 2020, the amount of KRW 1.4 billion will be paid on June 30, 2020 and the balance of KRW 4.3 billion will be paid on July 30, 2020. As of June 29, 2020, the second payment of KRW 1.4 billion will be paid on July 31, 2020. Post completion, TR Fund 1 will become the largest shareholder of J way Co., Ltd. The transaction is expected to close on June 30, 2020. As of June 3, 2020, transaction is expected to close on July 30, 2020. As of July 31, 2020, transaction is expected to close on February 17, 2021. As of February 17, 2021, the transaction is expected to close on August 17, 2021. As of August 17, 2021, the transaction is expected to close on December 17, 2021.