Gelonghui May 16 丨 Emperor International (00163powerballdrawing.HK) AnnouncementpowerballdrawingOn May 16, 2024, the seller, Xinghe Enterprises Limited (an indirect wholly-owned subsidiary of the company), entered into a sale and purchase agreement with the buyer, Crown Pacific Limited, pursuant to which the seller has conditionally agreed to sell and the buyer has conditionally agreed to purchase the property for a total consideration of HK$100 million. "The Property" means Factory A and Factory B located on the 11th floor of the Safe Godown Industrial Building, 56 Ka Yip Street, Chai Wan, Hong Kong.