Magic Micro, Termination of Share Transfer Agreement Involving Change of Major Shareholder

[Asia Economy Reporter Minji Lee] Magic Micro announced on the 30th that it had signed a contract to transfer 4,087,431 of the 4,447,431 common shares held by major shareholder Jang Won and its special affiliate Future Tech One, but decided to cancel the contract considering the buyer's ability and possibility to pay the remaining balance.