The Oozoo Co., Ltd. signed a contract to acquire 11.57% stake in Ybroad Co.,Ltd. (KOSE:A010600) from PATI Games Corporation (KOSDAQ:A194510) for KRW 11 billion on April 11, 2018. The Oozoo Co., Ltd. will acquire 1.76 million shares. As part of consideration, a deposit of KRW 550 million will be paid on April 11, 2018, a second payment of KRW 550 million will be paid on April 30, 2018 and the balance KRW 9.9 billion will be paid within 3 months from April 11, 2018. The deal will be funded with own funds and borrowings. The Board of Directors passed a resolution on the transaction on April 11, 2018. The transaction is expected to complete on July 11, 2018.

The Oozoo Co., Ltd. completed the acquisition of 11.57% stake in Ybroad Co.,Ltd. (KOSE:A010600) from PATI Games Corporation (KOSDAQ:A194510) on July 11, 2018. Post completion, The OOZOO Co., Ltd. became the largest shareholder of Wellbiotec Co., Ltd. On July 17, 2018, Wellbiotec Co., Ltd. will conduct an extraordinary shareholders' meeting and the appointment of Directors and External Directors is scheduled.