HIMS International Corporation acquired Jawonmedical Co. Ltd from Won-Hui Park and another individual for KRW 22.6 billion on August 17, 2015. HIMS International Corporation acquired 0.2 million shares of Jawonmedical in the deal. HIMS International paid deposit and second payment of KRW 20 billion on August 17, 2015 and the remaining balance will be paid within the next 6 months after the payment date of the deposit and the second payment. Post acquisition, DIOTEK Co., Ltd. will survive and Jawonmedical Co. Ltd will be dissolved. Jawonmedical. Co. Ltd had revenues of KRW 9.7 billion, total assets of KRW 11.9 billion and net income of KRW 428 million for the year ended December 31, 2014. The Board of directors of DIOTEK Co., Ltd. (KOSDAQ:A108860), parent of HIMS resolved the transaction on August 17, 2015.

HIMS International Corporation completed the acquisition of Jawonmedical. Co. Ltd from Won-Hui Park and another individual on August 17, 2015.