China Resources Enterprise Co., Ltd, Cordoba Homes Limited, Oshidori International Holdings Limited (SEHK:622) and Ki, David acquired Hope Securities Limited from Galaxy Vantage Limited for HKD 160 million on November 1, 2021. Under the terms of transaction, China Resources Enterprise Co., Ltd, Cordoba Homes Limited, Oshidori International and Ki, David agree to acquire 30%, 30%, 30% and 10% stake by acquiring 60 shares each by first three buyer and 20 shares by David in Hope Securities respectively. China Resources agree to pay HKD 48 million in cash upon completion. As of September 30, 2021, Hope had net assets of approximately HKD 170 million. For year ended December 31, 2020, Hope had total revenue of HKD 1.3 million and net less of HKD 6 million. Completion took place simultaneously upon the signing of the Sale and Purchase Agreement. Upon Completion, Hope Securities has become an associate of the Imagi International Holdings Limited (SEHK : 585). The Directors consider that the Consideration is fair and reasonable,on normal commercial terms and in the interests of the Company and the Shareholders as a whole. China Resources Enterprise Co., Ltd, Cordoba Homes Limited, Oshidori International Holdings Limited (SEHK:622) and Ki, David completed the acquisition of Hope Securities Limited from Galaxy Vantage Limited on November 1, 2021