Ren Guisheng from China entered into an agreement to acquire 15% stake in WINDMILL Group Limited (SEHK:1850) from Smart Million (BVI) Limited for approximately HKD 40 million on August 12, 2021. The buyers acquired 119 million shares of WINDMILL at approximately HKD 0.3333 per share. Ren Guisheng acquired 119.96 million shares, representing approximately 15% stake, from Smart Million, at the cash consideration of HKD 39.9 million. As a result of transaction, Smart Million (BVI) Limited ceased to be a shareholder of WINDMILL. In accordance with Rule 26.1 of the Takeovers Code, Ren Guisheng, along with others are required to make a mandatory unconditional cash offer for the offer shares, being all the issued shares other than those SHARES already owned by them. The buyers intend to maintain the listing of the Shares on the Main Board on the Stock Exchange. As of August 13, 2021, WINDMILL’s trading on stock exchange has been halted. GET NICE SECURITIES LIMITED and Ved Capital will act as financial advisors for buyers while FIRST CAPITAL INTERNATIONAL FINANCE LIMITED acted as financial advisor for independent Board Committee and the independent shareholders of WINDMILL in the mandatory unconditional offer. Ren Guisheng from China completed the acquisition of 15% stake in WINDMILL Group Limited (SEHK:1850) from Smart Million (BVI) Limited on August 12, 2021.