Two individuals acquired an additional 5.62% stake in Adtiger Corporations Limited (SEHK:1163) from Westel Technology Limited for HKD 5.8 million on June 20, 2023. Pursuant to the sale and purchase agreement, the purchasers, who are independent third parties, agreed to purchase 42 million shares in Adtiger Corporations for a total cash consideration, being HKD 0.1381 per share. Upon completion of the disposal, Westel Technology Limited remains as the controlling shareholder of Adtiger Corporations Limited, holding approximately 11.85% of the issued share capital of Adtiger Corporations. The purchasers will increase their shareholding from 3.57% to 9.19% as a result of the acquisition. The Adtiger Board does not expect the disposal to have any significant impact on the business operations and the composition of the management of the Group.

Two individuals completed the acquisition of an additional 5.62% stake in Adtiger Corporations Limited (SEHK:1163) from Westel Technology Limited on June 20, 2023.