Open Sns Inc. agreed to acquire Data Solution Inc on May 24, 2016. Under the terms of the transaction, 0.5 million shares will be issued for the merger. The merger ratio between Open sns and Data Solution is 13.8905 : 1. Post the transaction, Open sns will survive and Data Solution will be dissolved. As of December 31, 2015, Data Solution Inc had total assets of KRW 9,684 million, net loss of KRW 420 million, total common equity of KRW 4771 million, sales of KRW 9,849 million. Board of Directors of Open Sns Inc. resolved the transaction on May 24, 2016. General meeting of Open Sns shareholders will be held on May 26, 2016. Transaction is expected to close on June 30, 2016.