Femto Technologies S.p.A. entered into a non-legally binding letter of intent to acquire 6.2% stake in Prima Industrie SpA from World Leader Limited for €16.2 million on June 20, 2022. Femto Technologies S.p.A. entered into the sale and purchase agreement to acquire 6.2% stake in Prima Industrie SpA from World Leader Limited on August 17, 2022. Shares will be purchased at €25 per share. Upon completion of the disposal, the World Leader will cease to hold any Prima Share directly. The transaction is subject to due diligence, definitive agreements, Leeport's shareholders approval, antitrust clearances from the European Commission and all necessary regulatory approval. As of October 31, 2022, the European Commission approved the transaction. As of November 18, 2022, the UK Secretary of State for Business, Energy and Industrial Strategy has approved the acquisition by Femto Technologies. As of December 6, 2022, all conditions have been fulfilled. The transaction is expected to close on December 6, 2022. As a result of the disposal, it is expected that the group will recognize a fair value gain of approximately €2.58 million. The net proceeds from the disposal will be used as general working capital of the group, allocated to the reinvestment and for distribution of the special dividend to the shareholders. Cleary Gottlieb Steen & Hamilton LLP (Hong Kong) acted as legal advisor to Femto.

Femto Technologies S.p.A. completed the acquisition of a 6.2% stake in Prima Industrie SpA from World Leader Limited on December 6, 2022.