WMCH Global Investment Limited (SEHK:8208) entered into sale and purchase agreement to acquire 40% in Eidea Professional Services Company Limited from Mr. LAU Yu Fung for HKD 21.6 million on May 31, 2021. Upon completion, The Consideration shall be settled by the allotment and issue of 120 million New Shares by WMCH Global Investment Limited to Mr. LAU Yu Fung under the General Mandate at the issue price of HKD 0.18 per New Share. As at December 31, 2020 The audited net asset value of Eidea Professional Services Company was approximately HKD 4.8 million. The transaction has obtained approval of all relevant governmental or regulatory authorities or other third parties which are necessary in connection with the Agreement. Completion shall take place on the third Business Days after fulfillment of all conditions precedent set out in the agreement, or such other date as the Seller and the Company may agree in writing. After Completion, the financial results of Eidea Professional Services Company Limited will not be consolidated into WMCH Global Investment Limited. As of June 30, 2021, the parties agreed in writing to extend the Long Stop Date to August 31, 2021 for fulfillment of the conditions precedent.

WMCH Global Investment Limited (SEHK:8208) completed the acquisition of 40% in Eidea Professional Services Company Limited from Mr. LAU Yu Fung on July 13, 2021.