ES Cube Signs Share Transfer Agreement Accompanying Change of Major Shareholder

[Asia Economy Reporter Minji Lee] ES Cube and its largest shareholder and related party GF Financial Industry No.1 announced on the 26th that they have signed a contract to transfer or reserve the transfer of their shares (4,366,744 shares) to Braxa.

The total transfer amount is 65 billion KRW, with a transfer price of 14,885 KRW per share.

Accordingly, the transferee must notify the transferor of the person to be appointed as an executive by June 10, deposit an amount equivalent to the interim payment in a bank designated by the transferor, and then establish a pledge for the transferor's account. The completion date for the interim payment is June 27.