Mao Le, Feng Qiuhe and Ding Xiameng entered into share purchase agreement to acquire Wealth Link Securities Limited from Trendzon Holdings Group Limited (SEHK:1865) for HKD 9.3 million on January 26, 2024. Wealth Link reported unaudited net loss of approximately HKD 3 million for the year ended December 31, 2023. The transaction is conditional upon obtaining of an approval Securities and Futures Commission of Hong Kong, warranties remaining true and accurate, purchasers after the execution of the SPA and due diligence being fully satisfied with the conditions, both legally, financial and operational, of Wealth Link, obtaining of all necessary approvals and consents of the landlord of the office premises occupied by Wealth Link and the relevant authorities, and Wealth Link maintaining at least two responsible officers.

Trendzon intends to use the net proceeds from the Disposal for the working capital purpose.