Ravarock Financial Group Limited entered into an agreement to acquire a 29.9% stake in Lapco Holdings Limited (SEHK:8472) from Gold Cavaliers International Limited on October 11, 2021. Under the transaction, Ravarock Financial Group Limited will acquire 119.6 million shares in Lapco Holdings. Post transaction, Gold Cavaliers International Limited will hold 0.4 million shares representing 0.1% stake in Lapco Holdings, which Gold Cavaliers intend to dispose in the open market to independent third party, and will cease to hold any shares in Lapco Holdings. Lapco Holdings does not expect that the Disposal will have any material adverse effect on the operations of the Group.