RFHIC Corporation agreed to acquire NH Special Purpose Acquisition 8 Co., Ltd. (KOSDAQ:A218410) from eBest Investment Securities Co., Ltd., Investment Arm, David S. Cho and other sellers in a reverse merger transaction on March 27, 2017. NH Special Purpose Acquisition 8 Co., Ltd. will issue 102.6 million shares to RFHIC Corporation. The merger ratio is 1:8.718. H Special Purpose Acquisition 8 Co., Ltd. will issue one share against 8.72 shares of RFHIC Corporation. Post transaction, RFHIC Corporation will be dissolved and NH Special Purpose Acquisition 8 Co., Ltd. will remain operating. NH Special Purpose Acquisition 8 Co Ltd proposed to change company name to Rfhic Corporation. The transaction is subject to approval of shareholders of NH Special Purpose Acquisition 8 Co., Ltd. Board of Directors of NH Special Purpose Acquisition 8 Co., Ltd made a resolution in favor of the transaction on March 27, 2017. The transaction is expected to close on August 18, 2017. As of July 14, 2017, the shareholders of NH Special Purpose Acquisition 8 approved the acquisition and the approved the resolution of Duksoo Cho, Samyeol Cho and Sunhan Bae as Directors of merged entity. E-Chon Accounting Corporation acted as external rating institution. As of June 7, 2017, it was announced that delivery date of new share certificates is expected to be August 31, 2017 and the new shares are expected to be listed on September 1, 2017. RFHIC Corporation completed the acquisition of NH Special Purpose Acquisition 8 Co., Ltd. (KOSDAQ:A218410) from eBest Investment Securities Co., Ltd., Investment Arm, David S. Cho and other sellers in a reverse merger transaction on August 18, 2017. On August 22, 2017, Chief Executive Officer Jisung Kim and other directors Youngtae Moon have resigned due to the merger and Cho Duk Soo became the new Chief Executive Officer.