Golden Ponder Holdings Limited (SEHK:1783) entered into the agreement to acquire 40% in Chun Yang International (HK) Company Limited from Chun Yip International Investment Limited for HKD 25.3 million on February 25, 2022. The consideration will be settled by the allotment and issue of 90 million Consideration Shares by Golden Ponder Holdings to Chun Yip International Investment upon Completion. As at March 31, 2021, Chun Yang International had audited net assets of approximately HKD 19 million. As of April 29, 2022 all conditions are met.

Golden Ponder Holdings Limited (SEHK:1783) completed the acquisition of 40% in Chun Yang International (HK) Company Limited from Chun Yip International Investment Limited on April 29, 2022