his is People and Technology Updates.

As we spoke through Facebook some time ago, we completed the series-A Fund Raising at the end of June 2017.

We would like to express our gratitude to those who have made the decision to invest in our company and who have been involved in the Kibo Technology Fund.

On other hand we would like to sincerely apologize to various investors who showed huge interests in our company for investment while we couldn’t accept their proposals for many reasons.

We’d like to thank for their interest for our company.

In addition to this round, we will make every effort to create more opportunities to be together with them in the next round.

It was very meaningful to have opportunity to review our company’s past, present and future in an objective way through this investment process.

We now need to do the actions and make achievements so that we can give good results back to investors and existing shareholders including our employees as rewards.

Though the shoulders are heavy in many ways, we will walk on our way as we have done so far.

In doing so, we will be like Google in the IoT industry, which will be recognized not only in Korea but also overseas.

Once again, we would like to express our sincere appreciation to the Kibo Technical Fund staffs who invested in our company, the team leader of the various investors who met during the IR course.

Thank you.