Pip Partners Co., Ltd entered into an agreement to acquire 12.9% stake in Sincetimes Co., Ltd. (KOSDAQ:A056000) from Sincetimes HK Science Company Limited for KRW 9.9 billion on December 26, 2019. As on December 26, 2019, Pip Partners Co., Ltd has paid a deposit of KRW 950 million and the remaining will be paid day before temporary shareholders' meeting, which is scheduled on February 4, 2020 or on a date agreed by parties.