China Youzan Limited (SEHK:8083) entered into an agreement to acquire remaining 48.1% stake in Youzan Technology Inc. from Huang Rongrong, Cui Yusong, Ying Hangyan, Yu Tao and Zhu Ning for HKD 2 billion on May 23, 2023. China Youzan has obtained the listing approval granted by the Stock Exchange for the allotment and issuance of Consideration Shares and approval from shareholders. For the year ended December 2022, Total Assets were of HKD 1.3 billion, Total Revenue was of 1.2 billion, Net loss was of HKD 636 million, Loss before tax was of HKD 642 million and Net Liabilities were of HKD 876 million.