Gelonghui, April 29, 丨 Ruian Jianye (00983.HK) announced that on April 29, 2024, the company issued a designated notice to Mr. Li Guohui in accordance with the terms of the contract, requesting him to sell and transfer the remaining shares (i.e. 2 SOCON shares, accounting for 1% of SOCON's issued share capital) (without any property rights burden) to the company at a cost of about HK$16.05 million.

SOCON Group is mainly engaged in construction, decoration and maintenance projects in Hong Kong and Macau.

As of the publication date of this announcement, SOCON is a subsidiary holding 92.75% of the company's shares. After the acquisition is completed, the company will hold 93.75% of SOCON's shares, and it will continue to be recorded as a subsidiary in the Group's consolidated financial statements.