Gome Finance Technology Co., Ltd. (SEHK:628) entered into an agreement to acquire GOME Faith International Investment Limited from Mega Bright Capital Resources Limited for approximately HKD 170 million on October 16, 2023. Gome Finance will issue 2.2 billion shares as consideration. As of June 30, 2023, GOME Faith International Investment Limited reported negative net asset value of HKD 0.01 million.

Completion of the transaction is subject to due diligence exercise, approval of Gome Finance shareholders, and listing of the new shares. The Independent Board Committee, comprising all the independent non-executive Directors, has been established to advise the independent shareholders. The deal is expected to be completed by June 30, 2024.