Hao Bai International (Cayman) Limited (SEHK:8431) agreed to acquire Guangzhou City Key Group Co., Ltd from Mr. Song Chenglei for HKD 9 million on March 22, 2022. Hao Bai International (Cayman) Limited entered into supplemental agreement to acquire Guangzhou City Key Group Co., Ltd from Mr. Song Chenglei for HKD 8.96 million on March 31, 2022. The revised Consideration shall be satisfied by the Company by (i) HKD 0.95 million in cash as deposit to the Vendor within 28 days upon signing of the Sale and Purchase Agreement; and (ii) HKD 8 million by way of allotting and issuing 260 million shares to the Vendor or its nominee the Consideration Shares under the General Mandate at the Issue Price of HKD 0.0308 per consideration share within 21 days upon the completion. The transaction is subject to regulatory approval and due diligence approval.

Hao Bai International (Cayman) Limited (SEHK:8431) completed the acquisition of Guangzhou City Key Group Co., Ltd from Mr. Song Chenglei for HKD 9 million on April 8, 2022.