Goodcen co., ltd. agreed to acquire GSB Tech Co., Ltd. on March 9, 2016. Merger ratio is 1:11.41574 between Goodcen and GSB Tech Co., Ltd. Goodcen will issue 0.23 million shares as consideration. The general shareholder meeting is scheduled on March 10, 2016.

The transaction is expected to complete on April 11, 2016.