1. Receiving target companies and establishing strategies

• •Establishes M&A progress plans
• •Builds a working team
• •Basic survey for target industries
• •Preliminary valuation
• •Establishes the conditions of the sellout and takeover as well as finance securing plans
• •Scrutiny

2. Counseling contracts and negotiation

• •Contacts the main shareholders of the target companies
• •Non-disclosure agreement (NDA)
• •Counseling contracts
• •Preliminary valuation

3. Concluding MOU

• •Agreement on basic items such as the takeover method and amoun
• •Concluding MOU

4. Inspection and corporate valuation

• •Inspection in precision
• •On-the-spot inspection
• •Request to specialized institutes for inspection
• •Evaluation model that applies various methods based on the data from inspection

5. Final agreement and main contract

• •Agreement on the final price based on the data from the inspection in precision
• •Concluding the main contract
• •Implementation of the prior conditions

6. Payment and post-management

• •Payment according to the schedule indicated in the contract
• •Complete implementation of post-merger integration (PMI)