Mclan Zang Ming Hou entered into the agreement to acquire Value Creation Finance Limited from China Information Technology Development Limited (SEHK:8178) for HKD 24.5 million on November 15, 2023. Value Creation reported profit after tax of HKD 0.25 million for year ended December 31, 2022. China Information Technology Development Limited intends to apply the net proceeds of the disposal as general working capital of the Group. Completion of the agreement is not subject to any condition precedent and shall take place on the third business day following execution of the agreement.

Mclan Zang Ming Hou completed the acquisition of Value Creation Finance Limited from China Information Technology Development Limited (SEHK:8178) on November 20, 2023.