Hong Kong Headline Big Data Company Limited entered into the Sale and Purchase Agreement to acquire Heryd International Trade Co., Limited from Enviro Energy International Holdings Limited (SEHK:1102) for HKD 1 on October 31, 2022. The consideration is HKD 1 shall be settled in full and in cash. Completion of the Sincere Venture Disposal is subject to, all necessary authorizations, consents and approval in relation to the Sincere Venture Disposal having been obtained (including but not limited to approval from the Stock Exchange and the passing by the Shareholders of resolutions at the EGM) and such approval remain valid on the Completion Date, there being no objection from relevant government and regulatory authorities in relation to the transactions contemplated under the Agreement received by the Company, the representations and undertakings made by the Purchaser on the execution date of the Sale and Purchase Agreement being true, complete, accurate and not misleading in all material aspects as of the Completion Date and the Purchaser and the Company having performed all their obligations under the Sale and Purchase Agreement to be performed on or prior to the Completion Date, and the completion of the transactions contemplated under the Sale and Purchase Agreement A. Subject to the prior written consent of the Purchaser, the Purchaser may waive the conditions precedent set out in above. The Long stop date is December 31, 2022. As of June 30, 2022, Total Assets were of CNY 310 million and Net Assets were of CNY 43.2 million.

Hong Kong Headline Big Data Company Limited completed the acquisition of Heryd International Trade Co., Limited from Enviro Energy International Holdings Limited (SEHK:1102) on December 30, 2022.