Sun Jiangtao, Chief Executive Officer of China Binary Sale Technology Limited acquired additional 21.2% stake in China Binary Sale Technology Limited (SEHK:8255) from Swift Well Limited for HKD 50.9 million on January 17, 2018. The offer per share is HKD 0.5. Pre deal, Sun Jiangtao held 143 million shares and post deal; Sun Jiangtao will own 244.8 million shares of China Binary Sale Technology Limited. The consideration has been fully settled by in cash. In a related deal, Sun Jiangtao made an offer to acquire additional 25.12% stake in China Binary Sale Technology Limited for HKD 60.3 million on January 17, 2018. Sun Jiangtao has no intention to discontinue the employment of the employees of China Binary Sale Technology Limited and he also intends to maintain the listing of the shares of China Binary Sale Technology Limited on Growth Enterprise Market of the Stock Exchange. The transaction is subject to conditions including the shares remaining listed and traded on GEM, if required, all other approvals, consents and acts required under the GEM Listing Rules or other applicable laws and regulations or otherwise required from any third parties in connection with the Share Purchase Agreement and the transactions contemplated there under having been obtained and completed or, as the case may be, the relevant waiver from compliance with any of such laws, rules, regulations and requirements having been obtained from the stock exchange, the SFC or other relevant regulatory authorities or the relevant third parties among other conditions. Sun Jiangtao, Chief Executive Officer of China Binary Sale Technology Limited completed the acquisition of additional 21.2% stake in China Binary Sale Technology Limited (SEHK:8255) from Swift Well Limited on January 17, 2018. As all the conditions to the deal had been fulfilled, the deal was completed.