HANG TAI YUE GP(08081) no longer has any equity ownership in DYNAM JAPANic Indonesia.

HANG TAI YUE GP (08081) announced that on August 30, 2024, its wholly-owned subsidiary, the second subscriber, exercised the put option. As a result, on the completion date of the option, the second subscriber sold 10,200 option shares (approximately 40.8% of the issued shares of DYNAM JAPANic Indonesia) at a price of $5.4 million USD (equivalent to $42.12 million HKD) and a shareholder loan totaling $2.05 million USD (equivalent to $15.99 million HKD) to the grantor, who issued convertible bonds to Century Harvest, a wholly-owned subsidiary of the company, for settlement. After the completion of the option, the group no longer holds any equity in DYNAM JAPANic Indonesia (excluding through its ownership in CGI). On August 30, 2024, according to the terms and conditions of the convertible bonds, after the merger of CGI takes effect, the convertible bonds will automatically convert into shares of the grantor at the conversion price, resulting in the issuance and distribution of 773,000 shares of the grantor to Century Harvest. On August 30, 2024, the automatic conversion of the convertible bonds constitutes the group's acquisition of the grantor's equity. As of August 30, 2024, the 773,000 shares of the grantor represent approximately 1.26% of the total issued shares of the grantor. After the merger of CGI takes effect (i.e. on August 30, 2024), the 695,700 shares of the grantor held by Century Harvest have been converted into 452,600 shares of CGI according to the conversion ratio in the CGI business merger agreement (approximately 0.97% of the total issued shares of CGI). This conversion resulted in the group selling its equity to the grantor (grantor sale transaction) and acquiring equity in CGI (CGI acquisition transaction).