Starlight Culture Entertainment Group Limited (SEHK:1159) entered into the Share Purchase Agreement to acquire Serensight Investment Company Ltd. for HKD 133 million on December 15, 2021. Pursuant to the Share Purchase Agreement, the Seller agreed to sell, and the Company agreed to purchase, the Sale Shares (representing the entire issued share capital of the Target Company as at the date of this announcement) for the Consideration, being HKD 133 million. The Consideration shall be satisfied by the Company by allotting and issuing a total of 80,606,061 Consideration Shares at the Issue Price of HKD 1.65 each, credited as fully paid, to the Seller (or its nominee) on the Completion Date.

As of June 15, 2022, Starlight Culture Entertainment Group and seller entered into a supplemental agreement to extend the Long Stop Date to 14 September 2022. As of September 15, 2022, Starlight Culture Entertainment Group and seller entered into a second supplemental agreement on 15 September 2022 to further extend the Long Stop Date to 13 December 2022.