Zoom Corporation announced the signing of a Letter of Intent with Joachim Stock Holding GmbH to make Sound Service a subsidiary company of ZOOM in January 2023. Sound Service has been appointed the exclusive distributor of ZOOM in Germany, Austria, and Benelux (Central Europe) for around 30 years and more recently extended in Eastern European countries and in the UK. The growth of Central Europe market has been remarkable and reached 15% of ZOOM's consolidated sales in 2021.

This acquisition is expected to be completed by January 2023. The company believe that they together can make the ZOOM brand more valuable, develop a more powerful marketing strategy and contribute to expand its ZOOM products' sales network across Europe. Members and Membership Interest: as of March 15, 2022: Joachim Stock Holding GmbH 100%.

Expected in January 2023: ZOOM CORPORATION 51% Joachim Stock Holding GmbH 49%.