ZHANG Yu, ZHOU Zanshe, JIAN Hui, CAI Yue and CHEN Xiaofeng entered into equity transfer agreement to acquire Corporate Wise Limited from Zhongjin Technology Services Group Company Limited (SEHK:8295) for HKD 17.2 million on August 10, 2021. The consideration will be paid in cash. A sum of HKD 1.45 million to be paid within three (3) Business Days on or after the date of the Agreement; (b) A sum of HKD 13.05 million to be paid on Completion; (c) the Purchasers shall return to the Company the deposit contemplated under the Property Lease in the sum of approximately HKD 2.24 million within ten (10) Business Days upon the receipt of such deposit or within ten (10) Business Days after Completion, whichever is later; and (d) the Purchasers shall pay the Tax Refundable to the Company in the sum of approximately HKD 0.5 million within ten (10) Business Days upon receipt of the same.

ZHANG Yu will acquire 30% stake, ZHOU Zanshe will acquire 20% stake, JIAN Hui will acquire 15% stake, CAI Yue will acquire 15% stake and CHEN Xiaofeng will acquire 20% stake in Corporate Wise Limited. For year ended on March 31, 2021, Corporate Wise reported a revenue of HKD 0.4 million, net profit after tax of HKD 2.7 million and net assets of HKD 36.8 million. The transaction is subject to consummation of due diligence and the transaction is expected to close on December 31, 2021.

ZHANG Yu, ZHOU Zanshe, JIAN Hui, CAI Yue and CHEN Xiaofeng completed the acquisition of Corporate Wise Limited from Zhongjin Technology Services Group Company Limited (SEHK:8295) October 22, 2021.