Dongfang Yuhong: paid a total transaction price of 215 million Hong Kong dollars to complete the acquisition of 100% equity of World Hardware & Plastic Factory Limited.

Announcement from Oriental Yuhong, recently, its wholly-owned subsidiary Oriental Yuhong Investment (Hong Kong) Co., Ltd. has completed the payment transaction totaling 215 million Hong Kong dollars to acquire 100% equity of World Hardware Plastic Factory Limited. The target company has an enterprise value of 164 million Hong Kong dollars, with an estimated net cash and operating fund adjustment amount totaling 51.3 million Hong Kong dollars on the delivery date. The buyer and seller have officially signed the share transfer agreement and sales documents, and World Hardware has completed the board election. After the completion of the equity transfer in this transaction, Oriental Yuhong (Hong Kong) will hold 100% equity of World Hardware.