Shen Xiaojun entered into an agreement to acquire Tech Source Ltd from Victor Group Holdings Limited (ASX:VIG) for CNY 0.93 million on November 26, 2019. Consideration will be paid in cash. Concord Orient Ltd also agreed to assign to Shen Xiaojun an inter-company loan of CNY 2.93 million to Tech Source Ltd. Tech Source Ltd reported revenue of AUD 2.1 million (CNY 9.87 million) and loss before tax and loss after tax of AUD 0.04 million (CNY 0.18 million) for the year ended June 30, 2019. The proceeds will be used for general working capital purposes. The transaction is expected to be completed within 14 days of all approvals being obtained, if any. Shen Xiaojun completed the acquisition of Tech Source Ltd from Victor Group Holdings Limited (ASX:VIG) on November 27, 2019.