According to the Zhitong Finance App, China's Xinhua TV (08356) and the offender Shunleetat (BVI) Limited jointly announced that the company has been informed by the seller and Jian Guoxiang (Mr. Jian) that the acquisition was completed on February 29, 2024 in accordance with the terms and conditions of the sales agreement. According to the terms of the sale agreement, Mr. Jane acquired a total of 1,189 million shares at a total cost of HK$16.6407 million (equivalent to HK$0.014 per share to be sold), which is equivalent to approximately 29.3% of the Company's total issued share capital on the date of this joint announcement.

Following the completion of the acquisition, Mr. Jane and those acting in concert with him held an interest in a total of 1,258 billion shares, which is equivalent to approximately 31.0% of the Company's total issued share capital.

According to Rule 26.1 of the Takeovers Code, upon completion of the acquisition, Mr. Jane is required to make a share offer. The offender (a limited company incorporated in the British Virgin Islands and wholly and beneficially owned by Mr. Jane) will make a share offer in this regard. Aritos Securities will make share offers for and on behalf of the offeror in accordance with the Takeovers Code in accordance with the terms set out in the comprehensive document to be sent.