Prosperous Printing Company Limited (SEHK:8385) entered into a Sale and Purchase Agreement to acquire 13% stake in Guangzhou Hai Jian Digits Technology Company Limited from Zeng for CNY 0.9 million on April 21, 2023. Prosperous Printing will issue 31,120,000 new shares for the acquisition. The Consideration Shares will be allotted and issued pursuant to the General Mandate and is not subject to the approval of the Shareholders.

The Completion of the Sale and Purchase Agreement is conditional in all respects upon fulfillment or waiver (as the case may be) of the following Conditions: (a) all necessary statutory governmental and regulatory approvals, consents, waivers, authorization, registration and filings in connection with the transactions contemplated under the Sale and Purchase Agreement having been obtained, and each such approval, consent, waiver, authorization, registration and filing remaining entirely valid, (b) all necessary third party consents and waivers in connection with the transactions contemplated under the Sale and Purchase Agreement having been obtained and such consents and waivers remaining entirely valid; (c) the granting of approval by the Stock Exchange for the listing of new shares (d) Prosperous Printing being satisfied with the results of the Due Diligence Exercise. The Completion of the Sale and Purchase Agreement shall take place on the Completion Date, being the 21st Business Day after fulfillment (or waiver where applicable) of all Conditions or such later date as may be agreed by the parties to the Sale and Purchase Agreement in writing. As of May 11, 2023, Guangzhou Hai Jian Digits Technology Company Limited reported Net assets of CNY 5 million and net profit after tax of CNY 0.006 million on the year ended December 31, 2022.

0.034227 Prosperous Printing clarify that there was an inadvertent clerical error where the issue price of the Consideration Share shall be equivalent to CNY 0.0342 per Share instead of CNY 0.0306 per Share.