Magic Micro Co.,Ltd. entered into agreement to acquire Magic LED Co.,Ltd. from Kil-Koo Han and other sellers on April 14, 2015. Magic Micro Co.,Ltd. will issue 25.856232 shares for each share of Magic LED Co.,Ltd. and will issue total of 0.52 million shares. Magic LED Co.,Ltd. will be merged with Magic Micro Co.,Ltd. after the transaction. During the year ended December 31, 2014, Magic LED Co.,Ltd. had total assets of KRW 15.42 billion and total stockholders' equity of KRW 11.37 billion. Board of Directors of Magic LED Co.,Ltd. and Magic Micro Co.,Ltd. made a resolution in favor of the transaction on April 15, 2015. The tentative date for Magic LED Co.,Ltd. and Magic Micro Co.,Ltd.'s shareholders' meeting for merger approval is May 28, 2015. Shareholders of Magic Micro Co.,Ltd. approved the transaction on May 28, 2015. The expected merger date is June 29, 2015. The scheduled merger registration date is July 1, 2015. E-Chon Accounting Corporation acted as valuation agent in the transaction.

Magic Micro Co.,Ltd. completed the acquisition of Magic LED Co.,Ltd. from Kil-Koo Han and other sellers on June 29, 2015.