SONG Yunjuan entered into an agreement to acquire Hope Life Group Holdings Limited from Hope Life International Holdings Limited (SEHK:1683) for HKD 2.9 million on December 28, 2020. The consideration shall be payable on or before December 31, 2020. Upon Completion, Hope Life Group Holdings will cease to be a wholly owned subsidiary of Hope Life International. For the year ended on December 31, 2019, Hope Life Group Holdings Limited reported turnover of HKD 2.7 million, net loss after tax of HKD 0.96 million, net assets of HKD 2.9 million. Completion is expected to take place within 3 working days from the date of the agreement.