Eastern Media International Corporation (TSEC:2614) and Chao Shih-Heng entered into a memorandum of understanding to acquire 51% stake in Natural Beauty Bio-Technology Limited (SEHK:157) from Tsai Yen-Yu for approximately HKD 920 million on July 30, 2018. Eastern Media International Corporation and Chao Shih-Heng entered into a sale and purchase agreement to acquire 51% stake in Natural Beauty Bio-Technology Limited from Tsai Yen-Yu for approximately HKD 920 million on October 2, 2018. Tsai Yen-Yu will sale 1.02 million shares of Natural Beauty Bio-Technology Limited for HKD 0.9 per share. Eastern Media International Corporation and Chao Shih-Heng will acquire 30% and 21% stake in Natural Beauty Bio-Technology Limited respectively. Transaction is subject to the approval by relevant investment regulatory committee in Taiwan. On September 27, 2018, regulatory approval received.

Eastern Media International Corporation (TSEC:2614) and Chao Shih-Heng completed the acquisition of 51% stake in Natural Beauty Bio-Technology Limited (SEHK:157) from Tsai Yen-Yu on October 3, 2018. As of October 3, 2018, 30% stake is held by Eastern Media International Corporation, 21% stake is held by Chao Shih-Heng and 2.7% stake is by Tsai Yen-Yu hold in Natural Beauty Bio-Technology Limited.