An unknown buyer agreed to acquire 90.52% stake in UCI Auto Rental Co., Ltd from Mugunghwa Information Technology Co., Ltd. (KOSDAQ:A038340) for KRW 800 million on April 18, 2023. 183,333 shares to be sold by Mugunghwa Information Technology. The consideration to be paid in cash. Down payment of KRW 50 million is paid on April 19, 2023, Interim payment of KRW 450 million paid on June 25, 2023 and Balance of KRW 300 million paid on March 20, 2024. Scheduled contract signing date April 19, 2023. Expected date of disposal is the expected date of conclusion of the contract will be on April 19, 2023.

An unknown buyer completed the acquisition of 90.52% stake in UCI Auto Rental Co., Ltd from Mugunghwa Information Technology Co., Ltd. (KOSDAQ:A038340) on April 17, 2024 which is an estimated date of completion.