Huang Binghuan entered into an agreement to acquire Hangzhou Zhouji Network Technology Limited from WAC Holdings Limited (SEHK:8619) for HKD 0.4 million on March 26, 2021. Upon completion of the Disposal, the entire Shareholder’s Loan of HKD1.36 million owing by Etuan Technology to the WAC Holdings would be waived by WAC Holdings. For the year ended December 31, 2020, Hangzhou Zhouji Network Technology reported net loss of HKD 0.56 million. Completion shall take place upon the execution of the Agreement on March 26, 2021. The Group intends to apply the proceeds from the Disposal as general working capital.