China 3D Digital Entertainment Limited and AID Partners Capital Holdings Limited jointly announced that the two companies have entered into a Sale and Purchase Agreement, pursuant to which China 3D Digital agreed to acquire the sale shares which represent approximately 81.63% of the issued capital of HMV M&E Limited, a subsidiary of AID Partners, at an aggregate consideration of HKD 408 million to be satisfied by the issue of an aggregate of 1,118,219,178 consideration shares at completion, representing approximately 22.59% of the enlarged issued share capital of China 3D Digital. Upon completion, AID Partners will become the single large shareholder of China 3D Digital and recognize an estimated gain of approximately HKD 224 million before tax and transaction costs. Subsequently, Mr. Kelvin Wu, Executive Director and Chief Executive Officer of AID Partners, and Mr. Gilbert Ho, Executive Director and Chief Investment Officer of AID Partners, shall be appointed as Non-Executive Director of China 3D Digital and Executive Director of China 3D Digital, respectively.

Besides, China 3D Digital intends to appoint Ms. Li Mau, Chairwoman of HMV Asia Limited and the spouse of Mr. Wu, as the Executive Director and Co-Chairman of China 3D Digital.