Byeong-yang Kim, PSN Group Co., Ltd., Kwangbeom Lee, Lemon invest Co., Ltd. and 5 others entered into a contract to acquire an additional 16.85% stake in UCI Co.,Ltd. (KOSDAQ:A038340) from Pantos Holdings Inc. and KOO BENNETT for KRW 12.8 billion on August 3, 2020. Byeong-yang Kim paid KRW 100 million as down payment on August 3, 2020, will pay KRW 4.3 billion on August 14, 2020 and the balance amount of KRW 8.4 billion on August 31, 2020. As reported on August 14, 2020, a down payment of KRW 400 million will be paid as KRW 100 million on August 3, 2020 and KRW 300 million on August 14, 2020. The first intermediate payment of KRW 2.2 billion will be made on August 19, 2020 and the second intermediate payment of KRW 6.5 billion will be paid on August 31, 2020. The balance amount of KRW 3.8 billion will be paid on September 15, 2020. As of August 31, 2020, the consideration will be paid as follows, a down payment of KRW 400 million will be paid as KRW 100 million on August 3, 2020 and KRW 300 million on August 14, 2020, first intermediate payment of KRW 2.2 billion will be paid on August 19, 2020, second intermediate payment of KRW 5.4 billion will be paid on August 31, 2020 and the balance of KRW 4.9 billion will be paid on September 15, 2020. Byeong-yang Kim, Chief Executive Officer of UCI Co.,Ltd will acquire an additional 4.95 million shares, representing 14.02% stake while PSN Group Co., Ltd. and Kwangbeom Lee will acquire 1 million shares, representing 2.83% stake in UCI Co.,Ltd. Pantos Holdings will transfer 4.6 million shares while KOO BENNETT will sell 1.4 million shares in UCI Co.,Ltd. Following the sale, Pantos Holdings will hold 3.84% stake while KOO BENNETT will hold 1.21% stake in UCI Co.,Ltd. and Byeong-yang Kim will own 5.5 million shares, representing 15.43% stake. As on September 1, 2020, Byung-Yang Kim will acquire 2.452380 million shares representing 6.94% stake, PSN Group Co., Ltd. and one person will acquire 1 million shares representing 2.83% and Lemon Investment Co., Ltd. and 5 others will acquire 2.5 million shares representing 7.08% stake. The first payment of KRW 2.2 billion will be paid by PSN Group Co., Ltd.and one person on August 19, 2020. The second payment of KRW 5.4 billion will be paid by Lemon Investment Co., Ltd. and 5 others on: August 31, 2020 and the balance payment of KRW 4.9 billion will be paid by Byung-Yang Kim on September 15, 2020. As on August 19, 2020, the first intermediate payment of KRW 2.2 billion was paid by one other than PSN Group, and the acquisition of 1 million shares was completed. The transaction is expected to close August 31, 2020. As of August 14, 2020, transaction is expected to close on September 15, 2020. Byeong-yang Kim, PSN Group Co., Ltd., Kwangbeom Lee, Lemon invest Co., Ltd. and 5 others cancelled the acquisition of an additional 16.85% stake in UCI Co.,Ltd. (KOSDAQ:A038340) from Pantos Holdings Inc. and KOO BENNETT on September 9, 2020.