So Shu Fai entered into memorandum of understanding to acquire a 74.955095% stake in Hifood Group Holdings Co., Limited (SEHK:442) from Messrs. Lai Kar Yan (Derek) and Ho Kwok Leung Glen on August 24, 2021. Pursuant to the MOU, the Potential Purchaser will purchase 129.37 million shares (charged shares) and shall pay to the Receivers an earnest money in the sum of HKD 20 million within 7 business days from the date of the MOU. In the event that the Formal Agreement is entered into by the Parties within the Exclusivity Period, the Earnest Money shall be applied to the amount payable by the Potential Purchaser as specified in the Formal Agreement.