Lu Yongde acquired 51.11% stake in TOMO Holdings Limited (SEHK:6928) from Leung Ka Fai for HKD 30 million on March 20, 2024. The consideration will be paid at a price of HKD 0.131 per share. The consideration is satisfied by Lu Yongde in full by his own financial resources. Opus capital limited acted as Financial advisor to Lu Yongde. Rainbow Capital (HK) Limited acted as financial limited to TOMO Holdings Limited and Euto Capital Partners Limited acted as Independent Financial Adviser and due diligence provider to TOMO Holdings Limited. Tricor Investor Services Limited acted as registrar in the transaction.

Lu Yongde completed the acquisition of 51.11% stake in TOMO Holdings Limited (SEHK:6928) from Leung Ka Fai on March 20, 2024.