Affinity Equity Partners signed an agreement to acquire 63.56% stake in Lock&Lock Co., Ltd. (KOSE:A115390) from Kim Jun-il and Kim Chang-ho for approximately KRW 630 billion on August 25, 2017. Under the agreement, Kim Jun-il and Kim Chang-ho will sell 29 million and 5.9 million shares respectively at KRW 18000 per share. Kim Jun-il, Chief Executive Officer of Lock&Lock Co., Ltd. will remain in the management of Lock&Lock Co., Ltd. through re-investment.