On the 11th, the profitable internet advertising company <9235> announced that it had signed a basic agreement to acquire and make JCNT, which specializes in BtoB communication equipment rental business (overseas and domestic) with a focus on overseas and domestic Wi-Fi, its subsidiary. As for the disclosure of the acquisition amount, it is currently under discussion, and it is stated that it will be disclosed promptly once it is confirmed.

Through this stock acquisition, the company will be able to provide services to many clients of JCNT who use its information and communication services, which the company has cultivated since its founding, in solving challenges in the area of direct marketing. In addition, the company will enter the information and communication services business, further expand and diversify its business areas, build a stronger corporate structure, and aim for further growth.

The basic agreement was signed on July 11th, 2024, the share transfer agreement is scheduled to be signed in August 2024, and the share transfer execution date is scheduled for August 2024.