Kenneth Lam Kin Hing and Han Xiaosheng made an offer to acquire 22.7% stake in China Tonghai International Financial Limited (SEHK:952) for HKD 281.34 million on September 15, 2022. The Offer Price is HKD 0.2 per Offer Share. The Offeror intends to finance the entire consideration payable under the Offer solely through the Loan Facilities. Haitong International Securities and Red Sun are acting as financial advisor to buyers.

Kenneth Lam Kin Hing and Han Xiaosheng completed the acquisition of China Tonghai International Financial Limited (SEHK:952) for approximately HKD 24 million on May 3, 2023.