Choi Yun Chor and Cheng Ting Kong entered into a Deed of Share Purchase to acquire 60.17% stake of Forebase International Holdings Limited (SEHK:2310) from Ultra Harvest Limited, Middle Spring Limited, Magic Blazes Limited and Sincere King Limited for approximately HKD 140 million on September 3, 2019. Under the terms of the transaction, Choi Yun Chor and Cheng Ting Kong will acquire a total of 438.42 million shares at HKD 0.3193 per share. Pursuant to the terms of the Deed of Share Purchase, the sellers shall sell, and Choi Yun Chor and Cheng Ting Kong shall acquire, the sale shares together with all rights that attach to the sale shares on the date of the Deed of Share Purchase, including but not limited to the right to receive all dividends and distributions declared, made or paid on or after the date of completion. The consideration shall be paid in cash by the buyers on completion in the following manner: (a) the deposit in the amount of HKD 5 million (as to HKD 2.5 million for and on behalf of Choi Yun Chor and as to HKD 2.5 million for and on behalf of Cheng Ting Kong) previously paid to the sellers shall be applied towards the consideration upon completion; and (b) as to HKD 135 million (as to HKD 67.5 million by Choi Yun Chor and as to HKD 67.5 million by Cheng Ting Kong) shall be payable upon completion. Choi Yun Chor will acquire 219.21 million shares representing 30.08% stake and Cheng Ting Kong will acquire 219.21 million shares representing 30.08% stake in Forebase International. Post Completion Ultra Harvest Limited will hold 6.16% stake, Sincere King Limited will not hold any stake, Middle Spring Limited will not hold any stake and Magic Blazes Limited will hold 0.001% stake in Forebase International Holdings Limited. Choi Yun Chor and Cheng Ting Kong completed the acquisition of 60.17% stake of Forebase International Holdings Limited (SEHK:2310) from Ultra Harvest Limited, Middle Spring Limited, Magic Blazes Limited and Sincere King Limited on September 6, 2019. The sale shares were transferred to Choi Yun Chor and Cheng Ting Kong on September 9, 2019.