First video(00082) issued an announcement regarding the acquisition of the entire issued share capital of Easy Prime Developments Limited. According to the agreement, the seller has guaranteed and guaranteed to the company that the actual net profit of the target group for the financial year ending December 31, 2020 should be no less than RMB 63 million. If the target group’s actual net profit for fiscal year 2020 is less than RMB 63 million, the seller shall provide cash compensation to the company in cash.
The actual net profit of the Target Group for the 2020 fiscal year exceeds RMB 63 million. The seller has fulfilled all its responsibilities related to the profit guarantee. Therefore, the seller (or its nominee) has been issued the last 291.4 million consideration shares (the third consideration shares) on May 5, 2021.
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