China Boton Group Company Limited announced that Best Fortune International Investment Limited, Subsidiary of Company entered into the Provisional Agreement to acquire the Property at the Consideration of HKD 156,335,000 in cash. The Property will be the headquarter of the Group in Hong Kong. The Vendor shall sell and the Purchaser shall acquire the Property and the naming right of the Development. The Property is situated at office A (with flat roof on the roof floor), 37th Floor, 368 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong, with an estimated saleable area of approximately 6,869 square feet for office A and approximately 1,025 square feet on the roof floor. A formal sale and purchase agreement in respect of the Provisional Agreement is expected to be signed by the Vendor and the Purchaser within 14 workings days from the date of the Provisional Agreement. The Consideration for acquiring the Property is HKD 156,335,000, which shall be paid by way of cash in accordance with the following manner: a preliminary deposit of HKD 15,633,500 has been paid by the Purchaser to the Vendor upon
signing of the Provisional Agreement; and a balance of Consideration of HKD 140,701,500 shall be payable by the Purchaser to the Vendor on the Completion Date.