Two unknown buyers entered into a deed of installment to acquire 10% stake in Goldbell Holdings Limited from Newtree Group Holdings Limited (SEHK:1323) for approximately HKD 160 million on January 17, 2018. The schedule of installments is that HKD 30 million will paid on the date of installment deed and HKD 5 million, HKD 5 million, HKD 5 million, HKD 5 million, HKD 10 million, HKD 10 million, HKD 14 million, HKD 15 million, HKD 15 million, HKD 20 million and HKD 25 million on February 10, 2018, March 10, 2018, April 10, 2018, May 10, 2018, June 10, 2018, July 10, 2018, August 10, 2018, September 10, 2018, October 10, 2018, November 10, 2018 and December 28, 2018 respectively. Interest on the outstanding amount of the exercise price shall accrue at the rate of 15% per annum and shall be paid monthly in arrears together with the principal amount due on the due date set out in the above payment schedule. As of March 31, 2017, Goldbell Holdings Limited has net assets of approximately HKD 740 million. Completion shall take place with three business days after the full and final settlement of the exercise price and the interest accrued thereon in accordance with the installment deed. The proceeds from the disposal will be used by Newtree Group Holdings Limited for its general working capital and for business expansion and diversification.