MOG Digitech Holdings Limited (SEHK:1942) entered into agreement to acquire Sky Trend Real Estates Limited from Zhao Lixa for HKD 70 million on May 23, 2024. As part of the agreement, MOG Digitech will acquire the entire issued share capital of Sky Trend. The Consideration payable by MOG Digitech for the sale and purchase of the Sale Share and the assignment of the Shareholders?

Loan shall be HKD 70 million. As of April 30, 2024, Sky Trend reported a total assets of approximately HKD 120 million and net asset of HKD 7.8 million. The transaction is subject and conditional upon due and complete fulfilment all authorizations, consents, sanctions and approvals of all governmental or regulatory authorities, courts, agencies or bodies and is expected to close after signing of the agreement.