HYGIEIA GROUP's acquisition agreement for 51% equity of Eaststar Convenience Store has become invalid.

HYGIEIA GROUP (01650) announced that it plans to acquire 51% equity interest in Dongxing Life Convenience Store (Shenzhen) Co., Ltd. for a total of 34.2 million Hong Kong dollars. According to the agreement, if any of the conditions precedent set out in the agreement are not met by December 31, 2024, or any other date agreed in writing by the parties, the agreement will automatically terminate and have no effect, and the parties' obligations under the agreement will also be terminated. As of December 31, 2024, the conditions precedent were not met, and the buyer and the seller did not agree to extend the deadline, therefore the agreement has lapsed. The Board believes that the expiration of this agreement will not have any significant adverse impact on the Group's business, operations, and financial condition.