INSIDE INFORMATION – LETTER OF INTENT IN RELATION TO THE PROPOSED TRANSACTION : PROPOSED TRANSACTION
By Jayson Lai
The Board wishes to announce that on 6 December 2023 (after trading hours of the Stock Exchange), the Company and the Purchaser entered into the LOI pursuant to
which, the Company and the Purchaser have expressed mutual interest in pursuing further with a proposed transaction that may involve the disposal by the Company
and the acquisition by the Purchaser of the Company’s entire equity interest in Graphex Technologies (the “Proposed Transaction”).