Yu Yang-hoon, Lee Yuk-young, Kim Young-hee and J I Consulting Limited agreed to acquire an additional 9.67% stake in ACT Co., Ltd. (KOSDAQ:A131400) from Semicon Light Co., Ltd. (KOSDAQ:A214310) for KRW 12 billion on May 15, 2020. Under the terms of the the transaction, buyers will pay KRW 5,400 per share to acquire 2.5 million shares in ACT Co., Ltd. As part of the transaction, YangHoon Yoo, Minkyung Jeon, Geumsun Oh and Eunjoo Jung will acquire 0.4 million shares, Youk-young Lee and Younghee Kim will acquire 0.3 million and J I Consulting Limited will acquire 0.31 million in ACT Co., Ltd. Upon completion of the transaction, Semicon Light will hold 16.67% stake in ACT. Buyers paid the down payment of KRW 1.4 billion and the remaining KRW 12.2 billion will be done on June 23, 2020.

The transaction was resolved by the Board of Directors of ACT Co., Ltd. The transaction is expected to close on June 23, 2020. On June 23, 2020, the transaction is expected to complete on June 26, 2020. On June 26, 2020, the transaction is expected to complete on July 2, 2020.

Samdo Accounting Corporation acted as accountant to ACT Co., Ltd.