China Goldjoy Group Limited (SEHK:1282) entered into an agreement to acquire 20% stake in China Goldjoy Investment Limited, China Goldjoy Securities Limited, China Goldjoy Services Limited, China Goldjoy Wealth Management Limited, China Huatong Capital Limited, Shenzhen Qianhai Bao Xin Equity Investment Fund Management Co., Ltd and Shenzhen Qianhai KB Bullion Limited from Cheung Lit Wan Kenneth for approximately HKD 110 million on January 10, 2019. China Goldjoy Group Limited will pay HKD 37.5 million on or before January 11, 2019, HKD 53.6 million on or before January 31, 2019 and remaining HKD 16.1 million upon the release of audited financial results of 2018. In a related transaction China Goldjoy Group Limited entered into an agreement to acquire the remaining 20% stake in China Goldjoy Credit Limited from Cheung Lit Wan Kenneth for HKD 92.9 million. China Goldjoy Group Limited will fund the transaction from internal resource.