Emperor Capital Group Holdings Ltd. entered into the Sale and Purchase Agreement to acquire Major Worldwide Holdings Limited from Wuxi Life International Holdings Group Limited (SEHK:8148) for HKD 6 million on December 14, 2023. Under the terms of consideration, HKD 5.7 million shall be paid upon the Completion and HKD 0.3 million shall be paid within 3 months after the Completion. As of December 31, 2023, Profit after tax is HKD 76.2 million.

The net proceeds from the Disposal is estimated to be approximately HKD3.4 million, which will be used as repayment of indebtedness of the Group