HUISEN HOME INTERNATIONAL GROUP CO., LTD. (“HUISEN HOMES”) ANNOUNCED ON 23 JANUARY 2024 THAT IT HAS REACHED A DISTRIBUTION AGREEMENT WITH CHEER UNION SECURITIES LIMITED, UNDER A SUPPLEMENTAL AGREEMENT FOR THE DISTRIBUTION OF NEW SHARES UNDER GENERAL MANDATES. The agreement has only one contractor Yggies World Pte. Ltd. (“Yggies World”) has agreed to subscribe for 306,910,000 shares at a distribution price of HK$0.13 per share, representing approximately 10% of the issued share capital of Huisson Homes. Yggies World is a Singaporean limited company wholly owned by Ms. Wu Shu-ting and is not affiliated with Huissen House. After the sale is completed, Yggies World will not become a major shareholder of Huisson Homes. The net proceeds from the sale amounted to approximately HK$3.93 million...Show More

HUISEN HOME INTERNATIONAL GROUP CO., LTD. (“HUISEN HOMES”) ANNOUNCED ON 23 JANUARY 2024 THAT IT HAS REACHED A DISTRIBUTION AGREEMENT WITH CHEER UNION SECURITIES LIMITED, UNDER A SUPPLEMENTAL AGREEMENT FOR THE DISTRIBUTION OF NEW SHARES UNDER GENERAL MANDATES. The agreement has only one contractor Yggies World Pte. Ltd. (“Yggies World”) has agreed to subscribe for 306,910,000 shares at a distribution price of HK$0.13 per share, representing approximately 10% of the issued share capital of Huisson Homes. Yggies World is a Singaporean limited company wholly owned by Ms. Wu Shu-ting and is not affiliated with Huissen House. After the sale is completed, Yggies World will not become a major shareholder of Huisson Homes. The net proceeds from the sale amounted to approximately HK$3.93 million, and the entire amount will be used to purchase ODM products from raw materials. The Board considers that the Distribution Agreement and its terms are in the overall interests of the Company and its shareholders. Shareholders and potential investors should be aware that the distribution of shares is still subject to completion after the conditions are met, so caution should be exercised when buying and selling the shares.