Mosaic Holdings Co.,Ltd. Pyungsan Partners Co., Ltd., BNC Partners Co., Ltd., Won OO, Han OO, Kang OO, Yoo OO, Lee OO and Oh OO entered into a contract to acquire 29.85% stake in Welcron Kangwon Co., Ltd. (KOSDAQ:A114190) from Welcron Hantec Co.,Ltd. (KOSDAQ:A076080) for KRW 14.1 billion on November 15, 2019. Mosaic Holdings will acquire 4.7 million shares at a price of KRW 3000 per share. As per the transaction, Mosaic Holdings Co.,Ltd. Pyungsan Partners Co., Ltd., BNC Partners Co., Ltd., Won OO, Han OO, Kang OO, Yoo OO, Lee OO and Oh OO will acquire 2 million shares, 1 million shares, 0.4 million shares, 0.32 million shares, 0.3 million shares, 0.27 million shares, 0.15 million, 0.13 million shares and 0.12 million shares respectively. Out of total consideration, KRW 2 billion was paid November 15, 2019 and the balance amount will be paid on December 5, 2019. Welcron Kangwon had total assets of KRW 160 million, net liabilities of KRW 62 million, sales of KRW 868 million and net loss of KRW 76 million in year 2018. Transaction is expected to close on December 5, 2019.

Mosaic Holdings Co.,Ltd. Pyungsan Partners Co., Ltd., BNC Partners Co., Ltd., Won OO, Han OO, Kang OO, Yoo OO, Lee OO and Oh OO completed the acquisition of 29.85% stake in Welcron Kangwon Co., Ltd. (KOSDAQ:A114190) from Welcron Hantec Co.,Ltd. (KOSDAQ:A076080) on December 5, 2019.