Wang De Wei entered into a sale and purchase agreement to acquire 70% stake in Hong Kong Silver Basic Group Limited from Joyas International Holdings Limited (Catalist:E9L) on October 14, 2022. In accordance with the terms of the SPA, the aggregate consideration payable by the Purchaser for the Proposed Disposal is the nominal amount of HK$1.

Wang De Wei completed the acquisition of 70% stake in Hong Kong Silver Basic Group Limited from Joyas International Holdings Limited (Catalist:E9L) on October 14, 2022.