Chong Wing Kin entered into a sale and purchase agreement to acquire 13.5% stake in NNK Group Limited (SEHK:3773) from Cool Charge Technology Limited on November 30, 2021. Under terms of transaction, Chong Wing Kin will acquire 56.1 million shares of NKK and Disposal is subject to the satisfaction and/or waiver of certain conditions precedent to the sale and purchase agreement. As a result of the completion of the Disposal, Cool Charge will cease to be a substantial shareholder of the Company and Harvest Gold will become a substantial shareholder of the NKK group.