Hanryu A.I. Center Co.,Ltd. (KOSDAQ:A222810) and management of The Hanryu Times Co., Ltd. (KOSDAQ:A039670) agreed to acquire an additional 5.3% stake in The Hanryu Times Co., Ltd. for KRW 2.9 billion on April 30, 2019. Hanryu A.I. Center Co.,Ltd. (KOSDAQ:A222810) and management of The Hanryu Times Co., Ltd. will acqure 1.94 million shares. Post completion, Hanryu A.I. Center Co.,Ltd. (KOSDAQ:A222810) and management of The Hanryu Times Co., Ltd. will hold 17.7% stake. Initially, completion was scheduled on April 30, 2019 but on correction date, the transaction is scheduled to take place on July 5, 2019.

Hanryu A.I. Center Co.,Ltd. (KOSDAQ:A222810) and management of The Hanryu Times Co., Ltd. (KOSDAQ:A039670) completed the acquisition of an additional 5.3% stake in The Hanryu Times Co., Ltd on July 5, 2019.