Yan Ping entered into the sale and purchase agreement to acquire a 75% stake in Alpha Era International Holdings Limited (SEHK:8406) from Nonton Limited and Blink Wishes Limited for HKD 72 million on September 2, 2021. Under the transaction, Yan Ping will acquire 600 million of shares of Alpha Era International Holdings at a price of HKD 0.12 per share. Out of 600 million shares, 427.756 million shares will be acquired from Nonton Limited for HKD 51.33072 million and 172.244 million shares will be acquired from Blink Wishes Limited for HKD 20.66928 million. In a related transaction, Yan Ping launched a mandatory unconditional cash offer to acquire remaining 25% stake in Alpha Era International Holdings Limited for HKD 24 million on September 2, 2021. Post transaction, Yan Ping intends to continue the existing business of Alpha Era International Holdings Limited. Yan Ping intends to continue the employment of the existing management and employees of Alpha Era International Holdings Limited. The board of Alpha Era International Holdings comprises two executive Directors, one nonexecutive Director and three independent non-executive Directors. Yan Ping intends to nominate new directors to the Board. Post transactions, Yan Ping intends Alpha Era International Holdings to remain listed on the Stock Exchange. Yan Ping completed the acquisition of a 75% stake in Alpha Era International Holdings Limited (SEHK:8406) from Nonton Limited and Blink Wishes Limited on September 2, 2021.