Maple Investment Partners signed an agreement to acquire 22.7% stake CAR AUCTION CO., LTD. from System Location Co.,Ltd. (JASDAQ:2480) for approximately KRW 2.9 billion on November 27, 2020. Under the agreement, Maple Investment will acquire 0.98 million shares. CAR AUCTION reported KRW 3.8 billion of net worth, Total assets of KRW 6.1 billion, total sales of KRW 4.7 billion, operating income of KRW 431 million, Net income of KRW 454 million. As a result, System Location will hold 22.74 stake of CAR AUCTION. The contract will close November 30, 2020. The payment date is expected to be December 29, 2020. It is expected that the transfer of shares will generate a gain (extraordinary income) on the sale of shares of affiliated companies in the System Location's individual and consolidated financial statements.