According to the announcement by Weiye Holdings (01570) on the financial news app, the company has entered into a sales agreement with the relevant buyers on October 15, 2024 (after the trading hours of the Stock Exchange of Hong Kong). According to the agreement, the company agrees to sell, and buyers Zhang Wei, Zhuang Xin, and Henan Weiye Huisheng Life Service Co., Ltd. (i.e., Zhang Wei, Zhuang Xin, and Henan Weiye Huisheng Life Service Co., Ltd.) respectively agree to purchase 23.7 million shares, 16.2 million shares, and 32 million shares of common stock of the target company Eindec Group Limited for a total consideration of approximately 2.876 million Singapore dollars (representing approximately 66.76% of the total issued and paid-up share capital of the target company), at a price of 0.04 Singapore dollars per share. The target company is a limited company registered under Singapore law, mainly engaged in investment holding, with its shares listed on the Catalist of the Singapore Exchange. As of the date of this announcement, the company directly holds 66.76% equity of the target company.

The sale provides the group with the opportunity to realize its investment in the equipment manufacturing division and reallocate its financial resources for future development. As the sale is conducted on the open market at the then market price, the directors believe that the sale is conducted on normal commercial terms, the terms are fair and reasonable, and are in the overall interests of the company and shareholders.