Ma Ting Hung acquired 52.51% stake in WINDMILL Group Limited (SEHK:1850) from Li Shing Kuen Alexander for HKD 22.5 million on January 20, 2020. Under the terms of transaction, Ma Ting Hung acquired 420 million shares for HKD 22.515 million paid upon the signing of sale and purchase agreement on January 20, 2020, HKD 11.3 million will be paid on or before the date falling 12 months after the agreement date, HKD 16.9 million will be paid on or before the date falling 18 months after the agreement date, HKD 16.9 million will be paid on or before the date falling 24 months after the agreement date, HKD 22.5 million will be paid on or before the date falling 30 months after the agreement date and HKD 22.5 million will be paid on or before the date falling 36 months after the agreement date. The first installment of the consideration was financed by internal resources and subsequent installments of the consideration will be financed by the internal resources or external financing. In a separate transaction, Ma Ting Hung acquired 7.49% stake in WINDMILL Group from Smart Million (BVI) Limited for HKD 16 million. Ma Ting Hung completed the acquisition of 52.51% stake in WINDMILL Group Limited (SEHK:1850) from Li Shing Kuen Alexander on January 20, 2020.