Kai Sun International Group Limited announced that it has entered into an agreement for a private placement of 5,335 common shares at KRW 3,003,036.8 per share with new investor, Digital Optics Co., Ltd. for gross proceeds of KRW 16,021,201,328 on January 15, 2016. The investor acquired 34.79% stake in the company through this transaction. The transaction was approved by the board of directors of the investor.