EC Healthcare (SEHK:2138) entered into the Agreement to acquire 42.88% stake in Pangenia Inc from Mason Group Holdings Limited for approximately HKD 120 million on November 30, 2023, EC Healthcare 2,288,000 ordinary shares in Pangenia, representing 5.35% issued share capital of Pangenia and 16,057,997 series A preferred shares in Pangenia, representing 37.53% issued share capital of Pangenia. The series A preferred shares will be converted into ordinary shares on a 1:1 basis at no additional cost, subject to adjustment for share-split, share dividend, recapitalisation, or other similar events. Upon Completion, Pangenia has become an associate of EC Healthcare. The Consideration has been funded by the internal resources of the Group. Pangenia has 37.713 million as of March 31, 2023.

EC Healthcare (SEHK:2138) completed the acquisition of 42.88% stake in Pangenia Inc from Mason Group Holdings Limited on November 30, 2023