DS Networks Co., Ltd. signed a memorandum of understanding to acquire 82.57% stake in Smarty Savings Bank from Dayou Plus Co., Ltd. (KOSE:A000300) and Dayou A-Tech Co.,Ltd (KOSE:A002880) for KRW 80 billion on September 11, 2017. Under the terms of the transaction, DS Networks Co., Ltd. will acquire approximately 1.39 million shares representing 41.04% stake from Dayou A-Tech Co.,Ltd and approximately 1.4 million shares representing 41.53% stake from Dayou Plus Co., Ltd. The execution guarantee deposit in relation to memorandum of understanding of KRW 8 billion will be deposited into the escrow account on September 12, 2017. Board of Directors resolved the transaction on September 11, 2017.