Crystal International Group Limited entered into a conditional agreement to acquire Fabric Mill for $30.6 million on August 23, 2021. The purchase price for the Fabric Mill is US$30.6 million, subject to adjustment, to be financed from the Groups cash resources. The Investment represents a significant milestone in the Groups stated strategy of pursuing vertical integration for the longer-term development for the Group. Prior to the Investment, the Group has had an interest of 25% in a fabric mill joint venture with Pacific Textiles Holdings Limited since 2010. Completion of the Investment is subject to conditions precedent and is expected to be on or before 31 October 2021.