Element Delight Limited entered into an agreement to acquire Gold Toys Limited from LEAP Holdings Group Limited (SEHK:1499) for HKD 0.4 million on September 19, 2018. Element Delight will pay HKD 0.1 million as non-refundable deposit and part payment of the consideration to be paid on the signing of the agreement and the balance HKD 0.3 million will be at completion. Upon Completion, Gold Toys will cease to be a subsidiary of Element Delight. For the year ended March 31, 2018, Gold Toys had net assets of HKD 12 million, loss before taxation of HKD 4 million and loss after taxation of HKD 8.2 million. The transaction is not subject to any conditions. The transaction is expected to close within seven Business Days from the date of the agreement. The Board of Directors of LEAP Holdings Group intends to apply the net proceeds from the transaction as general working capital of the group. Element Delight Limited completed the acquisition of Gold Toys Limited from LEAP Holdings Group Limited (SEHK:1499) on September 28, 2018.