JSI Company Co., Ltd., Eyesvision Corp. (KOSDAQ:A031310) and E-SET Global Co., Ltd signed a contract to acquire 22.7% stake in Brain Contents CO., LTD. (KOSDAQ:A066980) from Yang-geun Moon, Ha Kyung Kim and Hee Soo Kim for KRW 39.6 billion on December 14, 2020. JSI Company Co., Ltd., Eyesvision Corp.

and E-SET Global Co., Ltd will pay KRW 23.8 billion amounting to 60% of the transaction price on December 14, 2020 and will pay KRW 15.8 billion amounting to 40% of the transaction price on February 5, 2021. JSI Company Co., Ltd. will acquire 12.18 million shares, Eyesvision Corp. will acquire 12 million shares and E-SET Global Co., Ltd. will acquire 11.8 million shares.

Yang-geun Moon will sell 29.81 million shares, Ha Kyung Kim will sell 5.95 million shares and Hee Soo Kim will sell 0.24 million shares of Brain Contents CO., LTD. Prior to the transaction, Yang Geun Moon held 41.02 million shares amounting to 25.9% stake, Ha Kyung Kim held 5.9 million shares amounting to 3.75% stake and Kim Hee-soo held 0.24 million shares amounting to 0.15% stake. After the transaction, Yang Geun Moon will hold 11.21 million shares amounting to 7.08% stake, Kim Ha-kyung and Kim Hee-soo will hold no stake in Brain Contents CO., LTD. The transaction is expected to be completed on February 5, 2021.