Edvance International Holdings Limited (SEHK:1410) entered into a sale and purchase agreement to acquire 11% stake in Wepro180 Group Limited from Sin Wai Ming, Wan Chung Ching and Law Wai Chi for HKD 3.5 million on October 9, 2020. The consideration was paid in cash. Edvance International Holdings Limited will acquire 8% stakes from Sin Wai Ming and 1.5% each from Wan Chung Ching and Law Wai Chi. Liu Yui Ting Raymond, majority owner of Edvance International holds 89% stake in Wepro180 Group and will transfer this stake to Edvance International. The consideration was fully financed from internal resources. Net asset of Wepro180 Group Limited as at September 30, 2020 was approximately HKD 0.3 million. Edvance International Holdings Limited (SEHK:1410) completed the acquisition of 11% stake in Wepro180 Group Limited from Sin Wai Ming, Wan Chung Ching and Law Wai Chi on October 9, 2020.