Zitong Financial App News, Rome Group (08072) announced that on November 24, 2021, the grantee (Glorious Sky Group Limited, an indirect wholly-owned subsidiary of the company) entered into the agreement with the grantee, granting the grantee the right to purchase all or any part of the call option shares held by the grantor at the call option price. The call option is exercisable within a period of 30 years from the date of the agreement. If the call option is fully exercised, the total exercise price of the call option will be HK $65 million.
It is reported that the target company Alpha Excellent Limited is mainly engaged in the development of non-homogeneous tokens and domain names in the field of blockchain, which allows end users to sell, lease or trade customized domain names built on specific blockchain. The advanced feature of blockchain domain names is that they can be linked directly to cryptocurrency wallets rather than websites. The installation of non-homogeneous token elements of related technologies also helps to achieve advanced network security during transactions. As of the date of this announcement, the target company is beneficially wholly owned by the grantor.
The Board is of the view that the conclusion of the agreement and the right to exercise call options is a good business and investment opportunity as the Group can participate in the relevant business, keeping abreast of the evolving changes in the world, and apply to the Group's business the way people expect to use meta-space for commercial, educational and retail applications.
In addition, the Board proposes to change the English name of the company from "Roma Group Limited" to "Roma (meta) Group Limited" and to adopt the Chinese name "Rome (Yuan Universe) Group Limited" to replace its existing Chinese name "Rome Group Limited" for identification purposes.
The Board is of the view that the proposed change of company name will more effectively reflect the future business plan and development of the Group. The Board believes that the new name will provide the company with a more suitable corporate image and identity, conducive to the future business development of the company, and in the best interests of the company and shareholders as a whole.