Focus Wonder Limited, fully owned by Cai Xiaoshan, and Master Connection Limited will be sold to Guo Tong International Holdings Limited for HKD 18.9 million and HKD 7.56 million, respectively, according to the announcement made by Iconculture (08500) on July 5, 2024, in which Cai Xiaoshan holds a total of 33.75 million shares of common stock, accounting for approximately 15.63% of the company's issued share capital as of the date of this announcement. Master Connection, which is wholly owned by Liu Dongxi, holds a total of 13.5 million shares of common stock, accounting for approximately 6.25% of the company's issued share capital as of the date of this announcement.

Upon completion of the share transfer within four business days after the fulfillment (or waiver, as applicable) of the preconditions under the sale and purchase agreements, assuming that the total number of issued shares of the company remains unchanged from the date of this announcement to the completion of the share transfer, Cai Xiaoshan and Liu Dongxi will no longer hold any direct or indirect equity interest in the company; and Guo Tong will hold 47.25 million shares of common stock in the company, representing approximately 21.88% of the company's issued share capital as of the date of this announcement, and become the major shareholder of the company.

It is reported that Guo Tong is an investment holding company, 72% of which is owned by Hainan Guoping Digital Industry Technology Co., Ltd.* and 28% is owned by Shenzhen Qianhai Guoping Capital Management Co., Ltd.*

In 23, the company's overall sales volume was 18,000 kiloliters, a year-on-year increase of +28.10%, showing significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan was 401/1288/60 million yuan, respectively.