Master Bliss Holdings Limited entered into the Sale and Purchase Agreement to acquire 30% stake in Giant Harmony Limited from Jia Yao Holdings Limited (SEHK:1626) for HKD 47.47 million on December 22, 2023. Under the terms of transaction, HKD 15 million will be paid within 10 business days after signing of the Sale and Purchase Agreement, HKD 10 million on the date on which the legal ownership of the Sale Shares is transferred to the Purchaser and HKD 22.47 million within 10 business days
from the date on which the Outstanding Amount is settled. In 2022, Giant Harmony has revenue of HKD 751.356 million. Transaction is subject to approvals and clearances from their shareholders, relevant regulatory authorities and governmental authorities.