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THE DISPOSAL.ÌýThe Agreement Consideration

THE DISPOSAL.ÌýOn 30 December 2019, the Vendors, the Purchaser and the Target entered into the Agreement in relation to the Disposal. The principal terms of the Agreement are set out below. The Purchaser shall purchase (i) the First Sale Shares from the First Vendor and the Second Sale Shares from the Second Vendor; and (ii) the Shareholder’s Loan from the First Vendor. The Sale Shares represent the entire equity interest of the Target as at the date of the Agreement and upon Completion.

THE DISPOSAL.ÌýOn 18 October 2021 (after trading hours), the Buyer and the Seller entered into the Sale and Purchase Agreement, pursuant to which the Buyer agreed to purchase and the Seller agreed to sell the Aircraft.

THE DISPOSAL.ÌýOn 10 October 2013, the Company and SREI entered into the Disposal Master Agreement pursuant to which the Company has conditionally agreed to sell or procure the sale of the Disposal Assets, and SREI has conditionally agreed to purchase or procure the purchase of the Disposal Assets and arrange for the repayment of the Loans in phases within 24 months from the CDBIH Subscription Completion Date for a total consideration of RMB2,069,832,594 (equivalent to approximately HK$2,622,477,897) (subject to adjustment), such consideration to be payable in cash in 5 stages within 24 months from the CDBIH Subscription Completion Date. The Disposal is subject to the approval of the Independent Shareholders at the EGM. As a condition to the completion of the CDBIH Subscription and in connection with the Disposal, Xx. Xxx Xxxx had on 10 October 2013 executed a deed of guarantee in favour of the Company pursuant to which Xx. Xxx Xxxx unconditionally and irrevocably guarantees to the Company and its successors, transferees and assignees the due and punctual performance and observance by SREI of its obligations under the Disposal Master Agreement and all agreements entered into pursuant to the Disposal Master Agreement.

THE DISPOSAL.ÌýOn 5 February 2013, the Vendor and the Purchaser entered into the Agreements whereby the Vendor agreed to sell, and the Purchaser agreed to purchase, the Property at a consideration of RMB400,000,000 in aggregate pursuant to the terms set out therein.

THE DISPOSAL.ÌýOn 3 December 2019, the Vendor and the Purchaser entered into the Agreement, pursuant to which the Vendor agreed to sell and the Purchaser agreed to purchase the Property Unit under the GDH City Project located in Luohu District, Shenzhen City, the PRC, for commercial use. The salient terms of the Agreement are set out below:- Date : 3 December 2019 Parties : (a) the Vendor

THE DISPOSAL.ÌýOn 22 August 2012, the Company entered into the Disposal Agreement with the Purchaser, pursuant to which the Purchaser has conditionally agreed to acquire and the Company has conditionally agreed to dispose of the Sale Share and the Sale Loan at an aggregate consideration of HK$9,300,000. Pursuant to the terms of the Disposal Agreement, the Consideration shall be settled by cashier order made payable to the Company within 10 days from the date of the Disposal Agreement or other manner of payment as may be agreed between the Company and the Purchaser. As at the date of this announcement, the Purchaser, being a substantial Shareholder, the chairman of the Company and an executive Director, is a connected person of the Company. As such, the Disposal constitutes a connected transaction for the Company under Chapter 20 of the GEM Listing Rules. As one of the relevant applicable percentage ratios in respect of the Disposal calculated in accordance with Chapter 19 of the GEM Listing Rules is more than 5% but less than 25% and the Consideration is less than HK$10,000,000, the Disposal constitutes a discloseable and connected transaction on the part of the Company which is subject to the reporting and announcement requirements under the GEM Listing Rules, but is exempted from the independent Shareholdersâ€� approval requirement. Purchaser : Xx. Xxxxx, a substantial Shareholder, the chairman of the Company and an executive Director Vendor : the Company Pursuant to the Disposal Agreement, the Purchaser has conditionally agreed to acquire and the Company has conditionally agreed to dispose of the Sale Share (being the entire issued share capital of the Target Company) and the Sale Loan. Pursuant to the terms of the Disposal Agreement, the Consideration shall be settled by cashier order made payable to the Company within 10 days from the date of the Disposal Agreement or other manner of payment as may be agreed between the Company and the Purchaser. The Consideration was determined after arm’s length negotiation between the Purchaser and the Vendor with reference to (i) losses recorded by the Target Company and Beijing Caiyingle as stated in the paragraph headed â€�Information on the Target Groupâ€� below; and (ii) the latest unaudited net asset value of the Target Group of approximately HK2.1 million as at 31 July 2012. Completion of the Disposal shall be conditional upon all the following conditions being fulfilled:

THE DISPOSAL.ÌýThe Vendor entered into the Sale and Purchase Agreement with the Purchaser pursuant to which the Vendor agreed to sell and the Purchaser agreed to acquire the Equity Interests. Set out below are the major terms of the Sale and Purchase Agreement.

THE DISPOSAL.ÌýOn 22 December 2021, the Vendor and the Purchaser entered into the Agreement, the principal terms of which are set out below: