On 26 January 2024, Jawang Holdings Group Limited announced that it had entered into a purchase and sale agreement with Mr. Maule, Ms. Fengqiu and Ms. Ding Xiamen to sell the entire issued share capital of its wholly-owned subsidiaries at a transaction price of HK$9,250,000. The transaction is subject to disclosure in accordance with Chapter 14 of the Listing Rules due to an applicable percentage rate exceeding 5% but less than 25%, but subject to exemption from the Circular and Shareholder Approval. The target company is Investment Holdings Limited, licensed to carry out regulated activities under the Securities and Futures Ordinance under the auspices of Foxy. Upon completion of the sale, Target Corporation and Foxy will no longer be included in the results of the Excelsior Holdings Group. The Board considers that this move will help the Group make better use of its financial resources to develop its core business and explore new investment opportunities in the interests of its shareholders as a whole.

On 26 January 2024, Jawang Holdings Group Limited announced that it had entered into a purchase and sale agreement with Mr. Maule, Ms. Fengqiu and Ms. Ding Xiamen to sell the entire issued share capital of its wholly-owned subsidiaries at a transaction price of HK$9,250,000. The transaction is subject to disclosure in accordance with Chapter 14 of the Listing Rules due to an applicable percentage rate exceeding 5% but less than 25%, but subject to exemption from the Circular and Shareholder Approval. The target company is Investment Holdings Limited, licensed to carry out regulated activities under the Securities and Futures Ordinance under the auspices of Foxy. Upon completion of the sale, Target Corporation and Foxy will no longer be included in the results of the Excelsior Holdings Group. The Board considers that this move will help the Group make better use of its financial resources to develop its core business and explore new investment opportunities in the interests of its shareholders as a whole.