Finsoft Financial Investment Holdings Limited (SEHK:8018) entered into the agreement to acquire 51% stake in Metrotec Solutions Limited from Chung Elizabeth Ching Yee for HKD 16.3 million on July 8, 2020. Under the terms of the transaction, HKD 16.3 million shall be settled as follows: HKD 3.5 million upon signing of the agreement; HKD 3.8 million upon completion and HKD 9 million is subject to the adjustment within thirty business days after the issue of the audited consolidated financial statements of Metrotec Solutions Limited for the financial year ending December 31, 2022. Under the agreement, the Chung Elizabeth Ching Yee unconditionally and irrevocably guaranteed and warranted to the Finsoft Financial Investment Holdings Limited that the Audited EBITDA shall be of no less than the total sum of HKD 8 million (“Guaranteed EBITDA”). If the Audited EBITDA is equal to or more than the Guaranteed EBITDA, the Finsoft Financial Investment Holdings Limited shall pay the Balance Consideration in sum of HKD 9 million. No upward adjustment shall be made if the Audited EBITDA has reached and exceeded the Guaranteed EBITDA. If the Audited EBITDA is less than the Guaranteed EBITDA but is equal to or more than the sum of HKD 3.6 million, the Finsoft Financial Investment Holdings Limited shall pay the Chung Elizabeth Ching Yee the balance consideration based on the following formula: Balance Consideration = (Audited EBITDA * 4 * 51%) – HKD 7,344,000. The consideration will be funded by the internal resources of Finsoft Financial Investment Holdings Limited. Upon completion, Metrotec Solutions Limited will become a non-wholly owned subsidiary of Finsoft Financial Investment Holdings Limited. For the year ended December 31, 2019, Metrotec Solutions Limited reported total assets of HKD 1.5 million and net loss of HKD 4.1 million. The transaction is subject to the due diligence investigation. Finsoft Financial Investment Holdings Limited (SEHK:8018) completed the acquisition of 51% stake in Metrotec Solutions Limited from Chung Elizabeth Ching Yee on September 7, 2020.