Fasoo.Com, Inc. announced to acquire Intelligence protection service business from Security & Privacy Experts Group for KRW 2.5 billion on April 19, 2016. The consideration comprises KRW 250 million of deposit on contract signing date, KRW 1.5 billion after 14 days from the contract signing date and balance of KRW 750 million after 2 months from the contract completion date. For the year ended December 31, 2015, Intelligence protection service business reported total assets of KRW 1.6 billion and sales of KRW 1.8 billion. The board of directors of Fasoo.Com, Inc. passed the resolution on April 19, 2016.

Fasoo.Com, Inc. completed the acquisition of Intelligence protection service business from Security & Privacy Experts Group on May 1, 2016.