Pang Da Yong signed an agreement to acquire Wide Flourish Investments Limited from Tai United Holdings Limited (SEHK:718) for £50 million on April 23, 2024.The Purchaser Pang Da Yong shall pay, or procure its nominee to pay, a Deposit of £20 million in aggregate Tai United in four instalments: (a) the first instalment of £5 million shall be paid within two business days after the date of the SPA; (b) the second instalment of £5 million shall be paid within seven business days after the date of the SPA; (c) the third instalment of £5 million shall be paid within twelve business days after the date of the SPA; and (d) the fourth instalment of £5 million shall be paid within seventeen business days after the date of the SPA. Upon the Deposit being received, the Company will immediately use the amount(s) received for the repayment of the outstanding indebtedness owed by the Group to the Agent as an attempt to remedy and discharge the Breach. On the Completion Date, the Purchaser shall pay, or procure to be paid, the remaining balance of the Consideration of £30 million to Tai United Holdings.

In the year 2023,Wide Flourish Investments had revenues of £0.350 million. The SPA and the obligations of the Parties to complete the Disposal shall be conditional upon and subject to the fulfilment and/or waiver of the following Conditions Precedent: (a) the Disposal having been approved by the Shareholders of the Company at the SGM; (b) the necessary regulatory approval(s) and/or clearance(s) in relation to the Disposal have been obtained by the Company from the competent authorities, including the Stock Exchange; (c) the Purchaser having received satisfactory evidence of good title relating to the Properties;(d) the Purchaser having settled the Deposit in the manner as set forth in the section headed ?The SPA ? Consideration?

below and the Security (including, among other things, the legal mortgage over the Properties) having been duly released and discharged;(e) the Company?s warranties being true, accurate and complete in all material respects and not misleading as of the Completion Date; and(f) the Purchaser?s warranties being true, accurate and complete in all material respects and not misleading as of the Completion Date. Completion shall take place after the Conditions Precedent are fulfilled or waived and on the Completion Date to be agreed by the Parties, which is expected to be within twelve months after the date of the SPA, or such later date as may be agreed in writing by the Parties.