An unknown buyer entered into a non-legally binding MOU to acquire Sinofortune Financial Holdings (BVI) Limited from Sinofortune Financial Holdings Limited (SEHK:8123) for HKD 4.3 million on April 24, 2023. The consideration of the Possible Disposal shall be HKD 4.3 million plus 100% of the net asset value of the Disposal Group at the time of the completion of the Possible Disposal (approximately to be HKD 15.7 million). Upon signing of the MOU, the Potential Purchaser has paid to the Company a sum of HKD 1 million as Earnest Money. In the event the Parties fail to reach the Formal Agreement within one month from the date of the MOU, Sinofortune Financial Holdings Limited shall return to the Potential Purchaser the Earnest Money within 7 Business Days, and MOU should be terminated. Pursuant to the MOU, the Potential Purchaser shall be entitled to arrange its advisers or agents to carry out due diligence review on the assets, liabilities, operations and affairs of the Disposal Group

An unknown buyer cancelled the acquisition of Sinofortune Financial Holdings (BVI) Limited from Sinofortune Financial Holdings Limited (SEHK:8123) on September 22, 2023.