Focus H&S Co.,Ltd signed a merger contract to acquire Eugene Special Purpose Acquisition 5 Company (KOSDAQ:A331380) from Stonebridge Ventures Inc. and others for KRW 67.8 billion in a reverse merger transaction on April 29, 2021. Under the terms of the transaction, the merger ratio is 1:8.4565. Under the terms of the transaction, the merger ratio is 1:8.44550. The offer per share is KRW 16913 per share. The offer per share is KRW 16,891. Eugene Special Purpose Acquisition 5 Company will formally become a surviving corporation and Focus H&S Co., Ltd. will become an extinct corporation. Focus H&S Co., Ltd. will be listed on the KOSDAQ market while maintaining business continuity. Focus H&S Co.,Ltd signed a revised merger contract to acquire Eugene Special Purpose Acquisition 5 Company (KOSDAQ:A331380) from Stonebridge Ventures Inc. and others for KRW 68.6 billion in a reverse merger transaction on July 20, 2021. Under the terms of the transaction, the merger ratio is 1:8.556. The offer per share is KRW 17112 per share.

The transaction is subject to indirect listing and shareholders' approval of Eugene Special Purpose Acquisition 5 Company in a meeting scheduled on August 30, 2021. The transaction was resolved by the Board of Directors on April 29, 2021. The merger date is October 4, 2021 and the scheduled listing of new shares will take place on October 20, 2021. The shareholders' meeting is re-scheduled on August 23, 2021. The revised merger date is September 27, 2021 and the scheduled listing of new shares will take place on October 14, 2021. The transaction was re-resolved by the Board of Directors on July 20, 2021. Shinhan Accounting Firm acted as the external valuer in the transaction. As of August 18, 2021, transaction is expected to close on October 7, 2021.