PI Advanced Materials Signs Share Purchase Agreement for Major Shareholder and Management Rights Change

[Asia Economy Reporter Hwang Junho] PI Advanced Materials announced on the 8th that its largest shareholder, Korea PI Holdings, has signed a stock purchase agreement with Plasma, L.P. regarding all common shares it holds and the company's management rights. The target shares are 15,877,400 common shares of PI Advanced Materials, which is about 54.07% of the issued shares. The purchase price is 1.275 trillion KRW, and the expected transaction completion date is September 30.