State Energy Group International Assets Holdings Limited (SEHK:918) entered into the Agreement to acquire Shandong Longyi Aviation Technology Co., Ltd from Wang Yuelai, Yang Zeyun, Ma Zhihui, Yang Tao,Wang Yuepeng and other shareholders for approximately HKD 33.6 million on March 29, 2023. For the year ended, December 31, 2022, net income is HKD 0.39197 million. Completion is conditional upon the satisfaction on results of the Due Diligence Investigation and obtained regulatory, government and third party approvals. Completion shall take place on the seventh business day following the fulfilment of the conditions precedent. CL Partners CPA Limited acted as the accountant to State Energy Group International Assets Holdings Limited.

State Energy Group International Assets Holdings Limited (SEHK:918) completed the acquisition of Shandong Longyi Aviation Technology Co., Ltd from Wang Yuelai, Yang Zeyun, Ma Zhihui, Yang Tao,Wang Yuepeng and other shareholders on August 1, 2023. All the conditions precedent contemplated under the agreement have been fulfilled.