An undisclosed buyer entered into a sale and purchase agreement to acquire 20% stake in Gudou Holdings Limited (SEHK:8308) from Harvest Talent Investments Limited on January 20, 2019. 50% of the total consideration for the transaction are expected to be paid to Harvest Talent Investments Limited at completion and remaining 50% on or before December 31, 2019. In a related transaction, the buyer entered into a sale and purchase agreement to acquire 9.2% stake in Gudou Holdings Limited (SEHK:8308) from Dynasty Fortune Tourism Property Investments Limited on January 20, 2019. The buyer will acquire 196 million shares of Gudou Holdings Limited from Harvest Talent Investments Limited. Harvest Talent Investments Limited hold 532.5 million shares of Gudou Holdings Limited representing 54.34% stake and upon completion of the transaction, Harvest Talent Investments Limited will hold 336.5 million shares representing 34.34% stake. The transaction is subject to consummation of due diligence and all conditions to be satisfied on or before March 31, 2019 and this is also the latest time for the transaction to complete.