China 3D Digital Entertainment Limited (SEHK:8078) entered into a share exchange agreement to acquire a 55% stake in GME Holdings Limited from Great China Mania Holdings, Inc. (OTCPK:GMEC) on May 4, 2015. Under the terms, China 3D Digital Entertainment will issue 2,500 shares of its affiliate company, representing 20% stake of affiliate, as consideration. GME Holdings reported loss before taxation of HKD 2.59 million, loss after tax of HKD 2.59 million and net liabilities of HKD 3.38 million for the year ended December 31, 2014. The deal is expected to complete on or before May 6, 2015.

China 3D Digital Entertainment Limited (SEHK:8078) completed the acquisition of a 55% stake in GME Holdings Limited from Great China Mania Holdings, Inc. (OTCPK:GMEC) on May 6, 2015.