An unknown buyer entered into an agreement to acquire 13.1% stake in Huayi Tencent Entertainment Company Limited (SEHK:419) from Huayi Brothers International Limited on November 13, 2020. As per the agreement, Huayi Brothers International Limited will dispose 1.7 billion shares representing approximately 13.17% of the issued share capital of Huayi Tencent Entertainment Company Limited. Upon completion, Huayi Brothers International Limited will hold 5% stake in Huayi Tencent Entertainment Company Limited.