ADGS Advisory, Inc. acquired TH Strategic Management Limited from Li Hon Lun for HKD 4 million on October 20, 2013. The purchase price will be paid in four monthly tranches. The initial tranche of HKD 1 million has already been paid and rest will be paid on November 15, 2013, December 15, 2013 and January 15, 2014. Post acquisition, ADGS Advisory management intends to retain two of the strongest key current TH Strategic professionals. TH Strategic Management reported total assets of $0.08 million (HKD 0.63 million), revenues of $0.36 million (HKD 2.81 million), operating profit of $0.11 million (HKD 0.86 million), profit after tax of $0.09 million (HKD 0.72 million) and total common equity of $0.008 million (HKD 0.06 million) for the year ended August 31, 2013. Currency conversions were done through www.oanda.com as of August 31, 2013.

ADGS Advisory, Inc. completed the acquisition of TH Strategic Management Limited from Li Hon Lun on October 20, 2013.