Tsai Yen-Yu, Su Chien-Cheng and Su Sh-Hsyu (buyers) made an offer to acquire 34.37% stake in Natural Beauty Bio-Technology Ltd. (SEHK:157) for approximately HKD 590 million in cash on October 23, 2015. Buyers offered to acquire 688.07 million shares at a price of HKD 0.8608 per share and 79.38 million options at a price of HKD 0.001 per option in cash. Following acceptance of the option offer, the relevant share options together with all rights attaching thereto will be cancelled and renounced in their entirety. The buyers intend to finance and satisfy the amount payable under the offers by cash from their internal resources. An Independent Board Committee comprising Francis Goutenmacher, Su-Mei Thompson, Chen Ruey-Long and Mr. Yang Tze-Kainghas been formed to make a recommendation to the Independent Shareholders of Natural Beauty Bio-Technology Ltd. It is intended that all Investor Directors will resign with effect from the earliest time permitted under the takeovers code. Buyers intend to nominate new Directors to the Board of Natural Beauty Bio-Technology with effect after the close of the offers. The buyers intend to maintain the listing status of Natural Beauty Bio-Technology and do not intend to exercise compulsory acquisition following the close of the offer. The offer is expected to close at December 18, 2015.

Somerley Limited acted as the financial advisor for Natural Beauty Bio-Technology Ltd. Karl-Thomson Securities Company Limited acted as the financial advisor for Tsai Yen-Yu, Su Chien-Cheng and Su Sh-Hsyu. Chan, Donnelly, Chan, Donnelly , Cheung, Fai Hung , Jin, Jimmy, Lam, Bernardine , Lam, Bernardine , Man, Cammy of Allen & Overy LLP acted as legal advisors to Natural Beauty Bio-Technology.
As of November 27, 2015 the offer period has commenced and will remain open for acceptance until December 18, 2015. Philip C Y Tsang of DTZ Debenham Tie Leung Limited acted as surveyor and Hong Kong Registrars Limited acted as registrar in the transaction.

Tsai Yen-Yu, Su Chien-Cheng and Su Sh-Hsyu complete the acquisition of 27.70% stake in Natural Beauty Bio-Technology Ltd. (SEHK:157) for approximately HKD 480 million on December 18, 2015.