Tai United Holdings Limited (SEHK:718) entered into the Share Purchase Agreement to acquire Jinzhou Jiachi Public Facilities Management Co., Ltd. from Dai Yongge for approximately CNY 550 million on December 24, 2020. Consideration is subject to completion adjustment. A refundable deposit of CNY 100 million is payable on the date of the agreement and CNY 454 million will be settled at completion of agreement. In a related transaction, Tai United Holding Limited entered into an agreement to acquire Guangzhou Rongzhi Public Facilities Investment Co., Ltd. from Dai Yongge. Post completion Jinzhou Jiachi Public Facilities Management Co., Ltd. will become wholly owned subsidiary of Tai United Holdings Limited. The net asset value of the Jinzhou Jiachi Public Facilities Management Co., Ltd. as at September 30, 2020 was approximately CNY 554 million. The transaction is subject to approval of shareholders of Tai United Holdings Limited, approval of governmental or regulatory authorities, Tai United Holdings Limited having carried out due diligence and having obtained a legal opinion from its PRC legal adviser and representations and warranties provided under the agreement remaining true, accurate and not misleading as at completion of the transaction, the reporting accountants of Tai United Holdings Limited having completed the audit of and issued an unqualified opinion and completion of acquisition of Guangzhou Rongzhi Public Facilities Investment Co., Ltd. If the conditions precedent is not fulfilled or waived on or before June 30, 2021 or other such date as the parties may agree, the agreement shall lapse. Long stop date of transaction is June 30, 2021. Elite Partners CPA Limited acted as accountant for Tai United. Tai United Holdings Limited (SEHK:718) completed the acquisition of Jinzhou Jiachi Public Facilities Management Co., Ltd. from Dai Yongge on April 23, 2021.