Ling Yui Holdings Limited (SEHK:784) entered into memorandum of understanding to acquire Skyblue Environmental Energy Company Limited from Ling Chi Fai on November 12, 2019. The transaction is subjected to due diligence of Skyblue Environmental Energy Company Limited and signing of a definitive agreement. As of March 2, 2020, Ling Yui and Skyblue agreed in writing to extend the exclusivity period from 90 days after the date of the memorandum of understanding to 180 days. Ling Yui Holdings Limited (SEHK:784) cancelled the acquisition of Skyblue Environmental Energy Company Limited from Ling Chi Fai on September 3, 2020.