Daeduck GDS Co.,Ltd. (KOSE:A004130) entered into a contract to acquire an additional 10.5% stake in WiSoL CO.,LTD. (KOSDAQ:A122990) from Ji Ho Kim for KRW 45.4 billion on July 11, 2017. Daeduck GDS Co.,Ltd. paid KRW 33.57 billion on July 11, 2017 and will pay the remaining balance of KRW 11.86 billion on July 11, 2020. 1.74 million shares will be transferred on the first payment and 0.61 million shares will be transferred on the payment of the balance amount.

Daeduck GDS Co.,Ltd. will fund the transaction through own funds. Myong-Whan Jo, Kyung-Su Byun and Hyeong-Kyu Im will resign as the Directors of WiSoL CO.,LTD. after the transaction. As of July 11, 2017, Ji Ho Kim transferred 1.74 million shares.

Ji Ho Kim now holds 0.61 million shares amounting to 2.72% stake and Daeduck GDS Co.,Ltd. holds 3.3 million shares amounting to 14.74% stake. Ernst & Young, Korea acted as accountant advisor for Daeduck GDS Co.,Ltd. Ernst & Young Services (uk) Ltdacted a s financial advisor to Daeduck GDS Co.,Ltd.