Net Pacific Financial Holdings Limited (Catalist:5QY) agreed to acquire 40.8% stake in Saint Pearl Travel Products (Guangdong) Co., Ltd. from Jiangmen Limingzhu Suitcase And Bag Leather Products Co., Ltd. for CNY 2.7 million on February 2, 2024. The consideration consists of CNY 2.71 million in cash. As part of the consideration, CNY 2.71 million was paid towards common equity.

The transaction is expected to be completed on 30th business day after the satisfaction of all the conditions precedent.