Ample Fame Investments Limited entered into the Sale and Purchase Agreement to acquire Sitoy AT Holdings Company Limited from Sitoy Group Holdings Limited (SEHK:1023) for HKD 50 million on November 03, 2021. As a part of the transaction, Ample Fame Investments shall pay or procure payment of the Post-Closing Payment after Completion, being an amount not more than EUR3.5 million. The total Consideration and Post-Closing Payment after Completion is determined at approximately HKD 81.6 million, to be paid in cash, after arm's length negotiation with reference to net asset value of the Target Group as at 31 July 2021.