Infinities Worldwide Limited and Liu Xiaoke made a offer to acquire remaining 28.10% stake in Jiu Zun Digital Interactive Entertainment Group Holdings Limited for HKD 84.4 million on February 7, 2022. As per the transaction, Infinities Worldwide Limited and Liu Xiaoke will acquire 153.4 million shares of Jiu Zun Digital Interactive Entertainment Group Holdings Limited from public shareholders. The maximum consideration payable will be financed under the share offer by the cash drawn down from the loan facility made available by Silverbricks Securities Company Limited. An independent board committee has been established to consider the terms of the Cash Offer and to make a recommendation to the Shareholders. Members of the Independent Board Committee comprise all the non-executive Directors, being Su Shaoping, Tsui Wing Tak, Zhao Junfeng and Zhuang Wensheng. The offer will commence from April 29, 2022 to May 20, 2022. Hidulf Kwan and Rebecca Mak of Astrum Capital Management Limited acted as the financial advisor to Jiu Zun Digital Interactive Entertainment Group Holdings Limited. Lego Corporate Finance Limited acted as financial advisor to Jiu Zun Digital Interactive Entertainment Group Holdings Limited and Ng Chi Fai and Wu Lap Yee Letty of ICBC International Capital Limited acted as financial advisor to Infinities Worldwide Limited and Liu Xiaoke. Tricor Investor Services Limited acted as registrar of offer.

Infinities Worldwide Limited and Liu Xiaoke completed the acquisition of additional 4.38% stake in Jiu Zun Digital Interactive Entertainment Group Holdings Limited for HKD 13.1 million on May 20, 2022.