EG Phoenix IX Limited entered into the SPA to acquire 100% issued shares in ABM Capital Limited from ESR Group Limited for approximately CNY 390 million.

EG Phoenix IX Limited entered into the SPA to acquire 100% issued shares in ABM Capital Limited from ESR Group Limited (SEHK:1821) for approximately CNY 390 million on July 3, 2022. Upon completion, ABM Capital Limited will be indirectly wholly-owned by EG Phoenix IX and will cease to be a subsidiary of the ESR Group. In addition, EG Phoenix IX agreed to sell 100% stake in Sword Overseas Holdings (BVI) Limited, Pluto Offshore Holdings (BVI) Limited, Impulse Offshore Holdings (BVI) Limited, RCLF Changsha 2 Pte.

Ltd., Global Offshore Holdings (BVI) Limited, Zeta Offshore Holdings (BVI) Limited, e-Shang GZ (BVI) Limited and Vanlog Holdings A, Limitedáfrom ESR Group. ABM Capital has unaudited consolidated net asset value is CNY 317.3 million as of June 30, 2022. The completion of the Fanxin Share Transfer is conditional upon the satisfaction of certain conditions, including, among others, obtaining consents from certain third parties.