Zhang Chong entered into the sale and purchase agreement to acquire a 3.56% stake in BC Technology Group Limited (SEHK:863) from Eternity Finance Group Limited for approximately HKD 190 million on January 7, 2021. Under the terms Zhang Chong will pay consideration in cash by acquiring 12 million shares for HKD 15.5 per share. HKD 10 million will be paid on the date of signing of the Sale and Purchase Agreement and remaining of HKD 176 million will be paid upon Completion. Upon Completion, Eternity Investment Limited shall cease to hold any Sale Shares. Completion of transaction is conditional upon Shareholders having approved the transactions and the warranties given by both parties contained in the Sale and Purchase Agreement remaining true, accurate in all material respects and not misleading in any material respect. On February 22, 2021, if conditions of transactions have not been satisfied on or before May 31, 2021 or such other date as Eternity Finance and the Zhang Chong shall agree in writing, the Sale and Purchase Agreement shall cease and determine. If the Purchaser breaches the Sale and Purchase Agreement, Eternity Finance is not required to refund the Deposit to the Purchaser if the other rights of Eternity Finance under the Sale and Purchase Agreement are not affected. The Directors consider that the Sale and Purchase Agreement and the transactions contemplated thereunder are fair and reasonable and in the interests of the Company and the Shareholders as a whole and accordingly the Board recommends the Shareholders to vote in favour of the resolution to be proposed at the SGM to approve the Sale and Purchase Agreement and the transactions contemplated thereunder. On March 16, 2021, transaction is approved by shareholders Eternity Investment Limited. Upon Completion, the Group expects to recognize a gain on the Proposed Disposal. If the conditions have not been satisfied on or before February 28, 2021 or such other date as decided by both parties in writing, the Sale and Purchase Agreement will cease. On February 4, 2021, The Board of Eternity announces that the Long Stop Date be extended from February 28, 2021 to May 31, 2021. Zhang Chong completed the acquisition of a 3.56% stake in BC Technology Group Limited (SEHK:863) from Eternity Finance Group Limited on May 31, 2021. Following Completion, Eternity Finance ceases to hold any shares in BC Technology Group Limited. Transaction completed as all the conditions precedent to Completion under the Sale and Purchase Agreement have been fulfilled.