Summary by Moomoo AI
CHINA MANTIAN HOLDINGS LIMITED (“CHINA MANTIAN”) ANNOUNCES THAT IT HAS REACHED A SUPPLEMENTAL AGREEMENT WITH MR. FANG KWONG PING WEN TO ACQUIRE ALL OF THE ISSUED SHARES OF GUAN YUAN LTD. The Supplementary Agreement, signed on 12 January 2024, substantially revised the calculation and payment mechanism for the third batch of premium shares. Pursuant to the Supplemental Agreement, the target group's net profit range will be changed from “China Company's net profit” to “Target Group's net profit” and the reference fiscal period will be extended to 30 June 2024. In addition, the minimum percentage of profit for the third batch of priced shares was increased from 85% to 100% by the seller. China believes that this revision will better reflect the operating situation...Show More