THE CORNERSTONE PLACINGThe Cornerstone • November 25th, 2022
Contract Type FiledNovember 25th, 2022We have entered into a cornerstone investment agreement (the “Cornerstone Investment Agreement”) with Arda (HK) Investment Co., Limited (“Arda Investment” or the “Cornerstone Investor”), pursuant to which, subject to certain conditions precedent, the Cornerstone Investor has agreed to subscribe, at the Offer Price, for certain number of our Offer Shares (rounded down to the nearest whole board lot of 5,000 Shares) that may be purchased for with an amount of HK$30.0 million as part of the International Placing (the “Cornerstone Placing”).