Chai Communication Co., Ltd. agreed to acquire Korea No.11 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A436610) for KRW2.5 billion in reverse merger transaction on January 30, 2024. When the merger of Chai Communication Co., Ltd. and Korea No.11 Special Purpose Acquisition Co., Ltd. is completed, Chai Communication Co., Ltd. will become the surviving corporation, Korea No.11 Special Purpose Acquisition Co., Ltd. is completed, Chai Communication Co., Ltd. will become a defunct corporation, and the surviving corporation, Chai Communication Co., Ltd., will be listed on the KOSDAQ market. This effect will occur.