Honbridge Holdings Limited (SEHK:8137) agreed to acquire Hangzhou Youxing Technology Co., Ltd from Hangzhou UGO Technology Company Limited for CNY 25.6 million on June 10, 2022. The parties to the Sale and Purchase Agreement had confirmed in writing on 30 June 2022 to extend the Long Stop Date in relation thereto to 16 August 2022 (or such other date as may be agreed in writing by the parties thereto), and that the relevant SAIC application be made no later than 16 August 2022 (or such other date as may be agreed in writing by Hangzhou UGO and the Purchaser).

Honbridge Holdings Limited (SEHK:8137) Completed the acquisition of Hangzhou Youxing Technology Co., Ltd from Hangzhou UGO Technology Company Limited on August 10, 2022. all the conditions precedent to the Sale and Purchase Agreement have been satisfied.