Amuse Group Holding Limited — M&A Activity 2024

Dec 13, 2024

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Amuse Group Holding Limited

佰悦集團控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8545)

COMPLETION OF THE DISCLOSABLE TRANSACTION

DISPOSAL OF APPROXIMATELY 45.00% OF THE ISSUED
SHARE CAPITAL OF M.I.P. INTERNATIONAL LIMITED

Reference is made to the announcement of Amuse Group Holding Limited dated 30 September 2024 (the "Announcement") in relation to the disposal of approximately 45.00% of the issued share capital of M.I.P. International Limited. Unless otherwise defined, capitalised used terms used herein shall have the same meanings as those defined in the Announcement.

The Board is pleased to announce that all the conditions precedent set out in the Sale and Purchase Agreement have been fulfilled and the Completion took place on 2 December 2024.

Upon Completion, the Group has ceased to own any direct or indirect interest in the Disposal Company and the Disposal Company has ceased to be accounted as an associate of the Group.

By Order of the Board

Amuse Group Holding Limited

Li Wai Keung

Chairman, Chief Executive Officer and Executive Director

Hong Kong, 13 December 2024

As at the date of this announcement, the Board comprises Mr. Li Wai Keung, Mr. To Hoi Pan and Ms. Lee Kwai Fong as executive Directors; Mr. Chu Wai Tak as non-executive Director; and Mr. Yu Pui Hang, Ms. Chow Chi Ling Janice, and Mr. Tung Man as independent non-executive Directors.

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This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will be published on the website of the Stock Exchange at www.hkexnews.hk and on the "Latest Company Announcements" page for at least seven days from the date of its posting and the Company's website at www.amusegroupholding.com.

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