Gelonghui (01985.HK) announced that with regard to Chairman of the Board of Directors and Executive Director Wang Guangbo's intention to acquire 35 million shares of the company, the board of directors was informed by Mr. Wang that through a replacement agreement signed by Weiye Holdings (original buyer), Mr. Wang (new buyer) and MicroWare Holdings (seller) with a date of February 2, 2024, he assumes the rights, obligations, duties and responsibilities of Weiye Holdings' rights, obligations, duties and responsibilities in accordance with the sales agreement, and will acquire the shares to be sold in the name of an individual, not Through Weiye Holdings.
Additionally, as amended by the Deed, the transfer of 17,500,000 shares to be sold will be completed no later than February 15, 2024, while the transfer of the remaining 17,500,000 shares to be sold will be completed no later than March 28, 2024. Mr. Wang further advised that apart from the above changes in the buyer's entity and completion date, the sale agreement will remain in full force and effect in all aspects.