Lau Chi Wing James made an offer to acquire 43.2% stake in Vision International Holdings Limited (SEHK:8107) from Arena Investors, LP and others for HKD 120 million on July 21, 2023. All other necessary waivers, consents and approvals (if required) from the relevant governmental or regulatory authorities or any other third parties required for the Share Transfer Agreement and the transactions contemplated thereunder being obtained. QUAM SECURITIES LIMITED acted as offer agent and Grande Capital Limited acted as financial advisor to Lau Chi Wing James. The offer will be close on September 14, 2023.

Lau Chi Wing James completed the acquisition of 0.05% stake in Vision International Holdings Limited (SEHK:8107) from Arena Investors, LP and others for HKD 0.15 million on September 14, 2023. Lau Chi Wing James has received two valid acceptances in respect of a total of 68,000 Offer Shares under the Offer, representing approximately 0.05% of the total issued share capital of Vision International Holdings. Post-acquisition, the Offeror and the parties acting in concert with him are interested in an aggregate of 75,068,000 Shares, representing approximately 56.86% of the total issued share capital of Vision International. Merdeka acted as independent financial adviser to the independent board committee and the independent shareholders.