The board of directors of Ziwo Holdings Ltd. announced that the company has on July 3, 2017 entered into a sale and purchase agreement with the Vendors to acquire from the Vendors ordinary shares in Estar Investments Pte Ltd. representing in aggregate 20% of the issued and paid-up share capital of the Target company. The company announced that Mr. Koo Ah Seang, a Vendor, will be appointed as a non-executive director of the company upon completion of the Proposed Acquisition.