Xie Xiaoqing entered into the sale and purchase agreement to acquire Rongzhong Capital Holdings Limited from China Rongzhong Financial Holdings Company Limited (SEHK:3963) for HKD 0.1 million on March 31, 2022. As per the agreement China Rongzhong Financial Holdings Company Limited (SEHK:3963) will sell 104,422 shares of Rongzhong Capital Holdings Limited (“Rongzhong Capital”), representing 100% of total issued share capital of Rongzhong Capital. As of June 2, 2022 Xie Xiaoqing into a supplemental agreement to amend and modify certain terms of the Sale and Purchase Agreement. Rongzhong Capital Holdings Limited reported net liability of HKD 612.9 million and total assets of approximately HKD 460.8 million for the financial period March 31, 2022. Completion is conditional upon and subject to the passing of the ordinary resolutions by the Independent Shareholders at the EGM to be convened and held to approve the sales and purchase agreement and the transactions contemplated thereunder.

Xie Xiaoqing completed the acquisition of Rongzhong Capital Holdings Limited from China Rongzhong Financial Holdings Company Limited (SEHK:3963) on March 17, 2023.