1. Placing 124,800,000 shares, representing 20% of the issued share capital, to one or more allotees at the placing price of HK $0.138 and net proceeds of approximately HK $19.4 million. Placing agent: Bradbury Securities Limited
2. Issue 220,000,000 shares to Treasure Ship (wholly owned by Mr. Lin Zhang), accounting for 35.26% of the issued share capital, at an allocation price of HK $0.138, resulting in net proceeds of HK $30,360,000
