Greentown Service Group Co. Ltd. entered into share purchase agreement to acquire additional 9.5% stake in Zhong Ao Home Group Limited from Vision Knight Capital Fund II, L.P. and Vision Knight Capital Entrepreneur Fund II, L.P. managed by Vision Knight Capital for approximately HKD 150 million.

Greentown Service Group Co. Ltd. (SEHK:2869) entered into share purchase agreement to acquire additional 9.5% stake in Zhong Ao Home Group Limited (SEHK:1538) from Vision Knight Capital (China) Fund II, L.P. and Vision Knight Capital (China) Entrepreneur Fund II, L.P. managed by Vision Knight Capital for approximately HKD 150 million on June 23, 2020. Greentown Service Group Co.

Ltd. will acquire 81.5 million shares. In related transaction, Greentown Service Group Co. Ltd. entered into share purchase agreement to acquire additional 4.8% stake in Zhong Ao Home Group Limited.

The total consideration of the Acquisitions is HKD 220.8 million. Upon Completion, Greentown Service Group Co. Ltd. will be interested in 159,571,300 Zhong Ao Shares, representing approximately 18.67% of the total issued share capital of Zhong Ao.