San Lotus Holding Inc. (OTCBB:SLOT) entered into non-binding letter of intent to acquire Lok Yee Holiday Limited from Chen Tseng Chih Ying on January 20, 2013. Upon completion, Lok Yee Holiday Limited will become wholly owned subsidiary of San Lotus Holding Inc. The deal is subject to consummation of due diligence, review of all financial statements, history of financ"Lok Lok Yee Holiday Limited shall use their commercially best efforts to close the deal within 180 days of execution from execution of the letter of intent. If San Lotus Holding and Lok Yee Holiday Limited will be unable to close the transaction within that time period, the closing may be extended based upon renegotiation of the timeline by San Lotus Holding and Lok Yee Holiday Limited. Until the closing of the deal or termination, Lok Yee Holiday may not enter into any transaction or agreement related to the sale of Lok Yee Holiday or any of its assets.

San Lotus Holding Inc. (OTCBB:SLOT) cancelled the acquisition of Lok Yee Holiday Limited from Chen Tseng Chih Ying on January 7, 2016.