Sajo Seafood Co., Ltd. (KOSE:A014710) agreed to acquire an additional 10.1% stake in Dongaone Co.,Ltd. (KOSE:A008040) from Hi Sang lee, ANF Inc., Lee Gunhoon, Jung Younghwa and Lee Yoonhye for KRW 12.8 billion on April 8, 2016. Under the terms of the deal, 6.6 million shares will be acquired at an offer per share of KRW 1938. The resolution date of Board of Directors of Dongaone Co. is April 8, 2016. The scheduled acquisition date is April 8, 2016.

Sajo Seafood Co., Ltd. (KOSE:A014710) cancelled the acquisition of additional 10.1% stake in Dongaone Co.,Ltd. (KOSE:A008040) from Hi Sang lee, ANF Inc., Lee Gunhoon, Jung Younghwa and Lee Yoonhye on April 8, 2017.