Comtec Systems Co.,Ltd. (KOSE:A031820) agreed to acquire Sufi Itcen Holdings Co., Ltd. for approximately KRW 19.365 billion on December 5, 2022. Post completion, Comtec Systems Co.,Ltd. will own 1,710,962 shares amounting to 100% stake in Sufi Itcen Holdings Co., Ltd. During the year ended 2021, Sufi Itcen Holdings Co., Ltd. reported total assets of KRW 125.87 billion and net income of KRW 15.054 billion. As of December 5, 2022, the board of directors of Comtec Systems Co.,Ltd. approved the transaction. The transaction is expected to complete on December 5, 2022.

Comtec Systems Co.,Ltd. (KOSE:A031820) completed the acquisition of Sufi Itcen Holdings Co., Ltd. on March 3, 2023.