powerballamount| Macau Lijun (01680.HK) completes the sale of 100% equity interest in a subsidiary

Glonghui May 16 丨 Macau Lijun (01680powerballamount.HK) announcement, the company is pleased to announce that the buyer holds 51% equitypowerballamountA British Virgin Islands company, Jianchong Limited ("Jianchong Limited") meets the Lao government's suitability requirements, and MLDLaos has obtained the necessary approvals from the Lao government for the sale and the operation of the Target Group business by Jianchong Limited, so all conditions precedent under the agreement have been met. The sale was completed on May 16, 2024, and all the buyer's rights and obligations under the agreement were transferred to Jiechuang Co., Ltd. on the same day before the settlement in accordance with the terms and conditions of the agreement. After the completion, the Group no longer owns any equity interest in the target company and the target company is no longer accounted for as a subsidiary of the Group.

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