Defendants are not guilty. The summary of the judgment against the Defendants is publicly announced.

1. The Defendants, without any special property or profits, concluded a contract for acquisition and sale of the company with the purport that they shall only pay the difference except the existing debt from the value of the land to E, F, G Co., Ltd., Ltd., G Co., Ltd. (hereinafter “E, F,” and “G”), which obtained approval for the establishment of a joint factory using the patent for the dysty pumps without any profits, and paid the acquisition and sale amount of the company with the additional loan as collateral, and applied for the construction of a factory by receiving the loan from the company and receiving the remainder of the loan by using the loan to the Small and Medium Business Corporation, which is established as collateral owned by the said company (hereinafter “instant land”).

The Defendants in violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Fraud) made a false statement to the victims that “Defendant A is the representative director of J in the bank branch, and J in the case of the purchase of the instant land by acquiring EF and G, and try to construct a factory on the said land, the Defendants would receive a loan from the said land as security and pay the construction cost after the construction of the factory. If the basic construction of the said land (civil engineering and retaining wall) is possible, the Defendants would not be liable for the said loan and pay the basic construction cost.” If the Defendant would be liable for the said loan and pay the basic construction cost.”

However, in fact, the Defendants entered into only a sales contract for the said land.