The US Bankruptcy Court gave an order approving the certain assets of Ezra Holdings Limited on June 26, 2018. The debtor has been authorized to sell certain assets to Michael Lai Kai Jin, the stalking horse bidder for a purchase price equal to the fair market value of the Shares plus the sum of $0.1 million plus $1.5 million as prepayment pursuant to the asset purchase agreement dated June 4, 2018. The debtor’s assets include 75,000 Class A non-voting preference shares and 3 million Class B non-voting preference shares of IC Cell Ezra Limited.