Chow Jacqueline Wai Ying entered into a sale and purchase agreement to acquire 10% stake in Icicle Group Holdings Limited (SEHK:8429) from Hertford Global Limited for HKD 11.3 million on September 29, 2020. Under the terms of the transaction, Chow Jacqueline Wai Ying will acquire 47.95 million shares for the consideration of HKD 0.2365 per Share in Icicle Group Holdings Limited. Upon completion, Hertford Global Limited shall cease to be a substantial shareholder of Icicle Group Holdings Limited. In a related transaction, Mirousky Limited entered into a sale and purchase agreement to acquire 7.3% stake in Icicle Group Holdings Limited from Hertford Global Limited. Icicle Group Holdings Limited does not expect that the agreements shall have any material adverse effect on the operations of Icicle Group Holdings Limited and its subsidiaries.