Sino Haijing Holdings Limited (SEHK:1106) entered in to memorandum of understanding to acquire Cherishing Spark Limited for approximately HKD 270 million on May 10, 2018. Sino Haijing Holdings Limited (SEHK:1106) entered in to SP Agreement to acquire Cherishing Spark Limited on June 14, 2018. Under the terms of transaction, Sino paid HKD 0.7 million (refundable) on May 10, 2018, 394.5 million common stock will be issued at completion, 265.8 million common stock will be issued within 1 month from the date of the provision of the Working Capital Loan by the Seller to Cherishing, 332.3 million will be issued upon fulfillment of the guaranteed net profit in respect of the Cherishing for 1st profit guarantee period and 332.3 million will be issued upon fulfillment of the guaranteed net profit in respect of the Cherishing for 2nd profit guarantee period. Cheung Ka Shing Alan is proposed music director of Cherishing group. Transaction is subject to stock exchange granting permission of listing of consideration shares listing, satisfaction of due diligence, Sino obtaining valuation report by an independent professional, consummation of employment agreement of Kwan and Lam with Chamble International and Cheung entering in to co-operation agreement with Cool Man Group. Long stop date is July 16, 2018. Sino Haijing Holdings Limited (SEHK:1106) entered in to a supplemental agreement in relation to acquire Cherishing Spark Limited on June 14, 2018, which relates to some amendments to the provisions relating to the consideration.