Wooyang lndustry Development Co.,Ltd. signed an agreement to acquire 43.6% stake in The Century Co., Ltd. (KOSE:A002420) from Kook, Soon-ki and Kim, Jeong-hee for KRW 37.3 billion on February 4, 2021. Wooyang lndustry Development Co.,Ltd. shall pay CNY 3.73 billion as down payment and remaining payable on completion. As per the agreement, Wooyang lndustry Development Co.,Ltd. will acquire total of 0.18 million shares including 0.11 million shares (26.92%) and 0.07 million shares (16.68%) from Kook, Soon-ki and Kim, Jeong-hee respectively. Transaction is expected to close within 45 days from the date of conclusion of agreement.