China Information Technology Development Limited entered into the Sale and Purchase Agreement to acquire Autostereoscopic 3D Limited from group of shareholders for approximately HKD 110 million.

China Information Technology Development Limited (SEHK:8178) entered into the Sale and Purchase Agreement to acquire Autostereoscopic 3D Limited from group of shareholders for approximately HKD 110 million on September 19, 2023. The consideration will be settled by (i) the Promissory Notes in the aggregate principal amount of HK$ 75,985,677.28; and (ii) the allotment and issue of a total of 11,117,742 Consideration Shares by the Company. The Promissory Notes are payable in ten Instalments after completion.