Champion Technology Holdings Limited (SEHK:92) entered into the Sale and Purchase Agreement to acquire 51.15% stake in Guangdong Hongyin Investment Consulting Limited from Wong Man Winny, Gan Shanghua, Yeung Chi Hang, Ho Wai Chun Priscilla and Yeung Man Ching Adrin for HKD 33.7 million on June 8, 2023. As of December 31, 2022, Guangdong Hongyin Investment Consulting Limited reported total revenues of HKD 140 million, total assets of HKD 170 million, net income of HKD -57.2 million, and total common equity of HKD -110 million. Cheng & Cheng Limited acted as an accountant, and Donvex Capital Limited and Stirling Appraisals Limited acted as financial advisor to Champion Technology Holdings Limited.