Tai Kwok Pan entered into an agreement to acquire Prosperity One Limited from Minshang Creative Technology Holdings Limited (SEHK:1632) for HKD 31 million on April 27, 2023. In this transaction, Tai Kwok Pan will acquire 100 shares in Prosperity One. Upon Completion, Minshang Creative Technology will cease to have any interest in Prosperity One. Minshang Creative Technology will use 35% of the net proceeds for the development of the IT Solution Business, 30% of the net proceeds for financing potential investment opportunities as may be identified form time to time and 35% of the net proceeds for general working capital. Minshang Creative Technology Holdings Limited has obtained shareholder's approval from MSEC Holdings Limited for this transaction.

Tai Kwok Pan completed the acquisition of Prosperity One Limited from Minshang Creative Technology Holdings Limited (SEHK:1632) on April 27, 2023.