Tai United Holdings Limited (SEHK:718) signed an agreement to acquire Anyang Shopping Mall from Dai Yongge for CNY 370 million on October 27, 2021. As per terms of transaction, consideration includes a refundable Deposit of CNY 70 million is payable on or around the date of the Share Purchase Agreement and CNY 300 million will be settled at Completion by the Purchaser via bank transfer. The consideration of the Acquisition will be fully settled in cash from the Group?s internal resources. After Completion, the Anyang Shopping Mall will be held as investment property by the Enlarged Group and the results of the Target Group would be consolidated into the accounts and under the property investment segment of the Enlarged Group. Transaction is subject to due diligence by Tai United Holdings Limited. Long stop date is December 31, 2021.