Lei Wa entered into the Provisional Agreement to acquire Billion Good Investment Limited from Wai Yuen Tong Medicine Holdings Limited (SEHK:897) and Wang On (Nominees) Limited for HKD 71 million on February 6, 2023. The consideration to be settled as follows (i) HKD 2 million was paid to the Wai Yuen Tong Medicine Holdings Limited (SEHK:897) and Wang On (Nominees) Limited in cash upon signing of the Provisional Agreement; (ii) HKD5.1 million payable to the Wai Yuen Tong Medicine Holdings Limited (SEHK:897) and Wang On (Nominees) Limited in cash upon signing of the Formal Agreement, which is expected to be entered into on or before February 15, 2023 (iii) Consideration of HKD63.9 million will be payable s by way of cashier order issued by a licensed bank in Hong Kong or solicitors? cheque on or before the Completion Date. As on June 19, 2023 the parties entered into formal agreement Completion is scheduled to take place on 19 June 2023. Completion is conditional upon (i) completion of due diligence investigation on the business, financial, legal and all other aspects of the Billion Good Investment Limited. For the year ended, December 31, 2022, Billion Good Investment Limited net asset is HKD 73.7 million, revenue is HKD 0.849 million and net income is HKD 0.712 million.

Lei Wa entered completed the acquisition of Billion Good Investment Limited from Wai Yuen Tong Medicine Holdings Limited (SEHK:897) and Wang On (Nominees) Limited on June 19, 2023.