Dowell Service Group Co. Limited (SEHK:2352) agreed to acquire 90.73% stake in Shanghai Evergreen Social Care Enterprise Development Co., Ltd. from Shanghai Dixuan Investment Management Co., Ltd. for CNY 25.4 million on April 19, 2024. The consideration consists of CNY 25.4 million in unclassified.

As part of the consideration, CNY 25.4 million was paid towards common equity. The consideration will be paid in two tranches. Dowell Service Group Co.

Limited (SEHK:2352) obtaining the necessary consents or approvals for the entering into of the Equity Transfer Agreement and the transaction contemplated thereunder, including but not limited to the approval by the Stock Exchange, the approval of the Securities and Futures Commission, any relevant governmental or regulatory authority and requirements under the laws of the PRC, or obtaining the applicable waivers from the Stock Exchange; obtaining the approval from the Independent Shareholders of the Equity Transfer Agreement and the transaction contemplated thereunder at the EGM.