JS Fund 2 Limited Partnership signed a contract to acquire 25.32% stake in KUKBO Logistics Co.,Ltd (KOSE:A001140) from Heung-A Shipping Co., Ltd. (KOSE:A003280) and 2 officers of KUKBO Logistics Co.,Ltd for KRW 15 billion on March 11, 2019. Under the terms, JS Fund 2 Limited Partnership and New Crown Investment Fund will acquire 0.35 million shares from Heung-A Shipping for KRW 12.3 billion and will acquire 0.07 million shares from 2 officers of KUKBO Logistics for KRW 2.7 billion. JS Fund 2 Limited Partnership will acquire 0.28 million shares and New Crown Investment Fund will acquire 0.14 million shares. JS Fund 2 Limited Partnership and New Crown Investment Fund will pay KRW 1.2 billion and KRW 269 million to Heung-A Shipping and 2 officers of KUKBO Logistics respectively as deposit which is paid on the contract signing date (March 11, 2019) and will remaining balance of KRW 11.1 billion and KRW 2.42 billion to Heung-A Shipping and 2 officers of KUKBO Logistics respectively preceding day of extraordinary shareholders' meeting. The transaction has been resolved by the Board of Directors of KUKBO Logistics Co.,Ltd at the meeting held on March 11, 2019.

JS Fund 2 Limited Partnership completed the acquisition of 25.32% stake in KUKBO Logistics Co.,Ltd (KOSE:A001140) from Heung-A Shipping Co., Ltd. (KOSE:A003280) and 2 officers of KUKBO Logistics Co.,Ltd on March 18, 2019. JS Fund 2 Limited Partnership completed the acquisition of 0.24 million shares of KUKBO Logistics at KRW 34,700 per share and 0.05 million shares at KRW 37,700 per share. New Crown Investment Fund completed the acquisition of 0.12 million shares at KRW 34,700 per share and 0.02 million shares at KRW 37,700 per share.