Qian Lirong entered a scheme of arrangement to acquire a 41.44% stake in Trigiant Group Limited (SEHK:1300) for HKD 0.5 per share on June 29, 2023. Transaction is subject to approval from target shareholders. the transaction is subject to the sanction of the Scheme by the Grand Court. Transaction is expected to complete on December 6, 2023. As of October 18, 2023 the Scheme was approved (by way of poll) by the Scheme Shareholders, the Scheme was approved (by way of poll) by the Disinterested Scheme Shareholders, Accordingly, the resolution proposed at the Court Meeting to approve the Scheme was not passed.

SBI China Capital Hong Kong Securities Limited acted as financial advisor to Trigiant. First Shanghai Capital Limited acted as financial advisor to Qian Lirong. Tricor Investor Services Limited is acting as registrar Trigiant Group Limited.