Lewoju Holding Group Company Limited completed the acquisition of Hunan Richly Field Outlets Real Estate Limited from Richly Field China Development Limited for CNY 1.
equity transfer agreement 1 and the transactions contemplated thereunder in accordance with the Company's articles of association and the Listing Rules; and obtain approval from the Stock Exchange in an appropriate manner within 120 calendar days from the date of the equity transfer agreement 1 becoming effective. As of February 9, 2022, the transaction has been approved by the board of directors and shareholders of Hunan Richly Field Outlets as well as the board of directors of Richly Field China Development. All formalities required for registration of equity transfer must be completed within 10 days after the equity transfer agreement 1 comes into effect. Completion 1 takes place when equity transfer is completed. Within 5 days after the Lewoju Holding Group obtains the sale shares 1, the Sellers and the Lewoju Holding Group shall complete the delivery procedures regarding Hunan Richly Field Outlets Real Estate.
Lewoju Holding Group Company Limited completed the acquisition of Hunan Richly Field Outlets Real Estate Limited from Richly Field China Development Limited (SEHK:313) for CNY 1 on April 14, 2022. All conditions precedent under the Equity Transfer Agreements have been fulfilled.