Wu Tak Lam and Chiu Man agreed to acquire 2.86% stake in Sunfonda Group Holdings Limited (SEHK:1771) from GAC Capital Co., Ltd. for HKD 42.9 million on January 17, 2022. Under the terms 17,183,000 shares will be acquired for HKD2.5 per share. Immediately after the completion of the Share Transfer, Wu and Chiu will be interested in an aggregate of 438,423,800 Shares, representing approximately 73.07% of the total issued Shares.

Completion of the Share Transfer is expected to take place on or before January 20, 2022.