ContractAssets Transfer Agreement • April 4th, 2023
Contract Type FiledApril 4th, 2023Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (Incorporated in Bermuda with limited liability)(Stock Code: 00124) Announcement Connected Transactionin relation to the Assets Transfer Agreement THE ASSETS TRANSFER AGREEMENT Reference is made to the announcement of the Company dated 30 December 2022. On 30 December 2022, Guangdong Yuehai Land (an indirect wholly-owned subsidiary of the Company) (as tenant) and GD Teem (an indirect non-wholly owned subsidiary of Guangdong Holdings) (as landlord) entered into the Tenancy Agreement, pursuant to which GD Teem has agreed to lease the Premises to Guangdong Yuehai Land for use as commercial offices. On 4 April 2023, Guangdong