Titan Invo Technology Limited (SEHK:872) agreed to acquire 56.33% stake in GRB Aces Sdn. Bhd from Ms. Wong Yuet Fong and Ms. Suek Jennifer Wing Wo for CNY 15 million on September 28, 2022. The Consideration shall be satisfied by the issue of the Bonds to the Ms. Wong Yuet Fong and Ms. Suek Jennifer Wing Wo.

The transaction required approvals of all governmental or regulatory authorities. For the year ended, April 30, 2022, GRB Aces Sdn. Bhd Net asset is CNY 7.067 million.