Jinman Kim entered into a basic agreement to acquire 80% stake in Topic Images Inc from PIXTA Inc. (TSE:3416) on October 30, 2020. Under the terms of agreement, Pixta will transfer 52,000 shares of Topic images. In addition, in proceeding with the transfer of the shares, Pixta have decided to transfer the loan receivables to Topic to the other party of the share transfer. Post completion, Topic will be no longer the subsidiary of Pixta inc. For year ended December 31, 2019, Topic Images had total assets, net worth, sales, operating income and net income as KRW 567 million, KRW 2.1 billion, KRW 1.3 billion, KRW 734 million and KRW 714 million respectively. The Board of Directors of Pixta Inc passed the resolution and basic agreement was signed on October 30, 2020. Transaction is expected to conclude on November 30, 2020. Jinman Kim completed the acquisition of 80% stake in Topic Images Inc from PIXTA Inc. (TSE:3416) on December 1, 2020.