National Arts Group Holdings Limited (SEHK:8228) agreed to acquire Wise Circuit Limited from Great Success Investment Holdings Limited for HKD 18.8 million on November 29, 2021. On December 31, 2021, Great Success Investment and National Arts Group have agreed to extend the Long Stop Date to February 25, 2022.

National Arts Group Holdings Limited (SEHK:8228) completed the acquisition of Wise Circuit Limited from Great Success Investment Holdings Limited on February 15, 2022. All of the conditions under the Sale and Purchase Agreement have been fulfilled. Upon Completion, National Arts directly owns one ordinary share of Wise Circuit, representing the entire issued share capital of Wise Circuit. Wise Circuit has become a directly wholly-owned subsidiary of National Arts and the financial results of National Arts will be consolidated into the Group's financial statements.