Gelonghui May 9 丨LHN(0173015freebingonodeposit2022.HK) Announcement15freebingonodeposit2022, the board of directors is pleased to announce that the GSM property acquisition has been completed on May 9, 2024. The balance of the consideration for the GSM Property (i.e. Singapore million (excluding Goods and Services Tax))(the "Consideration Balance", i.e. the total consideration less the non-refundable deposit amount of Singapore million (excluding Goods and Services Tax)) was paid to the GSM seller on May 9, 2024. The group has submitted a request to Macritchie Developments Pte.Ltd. ("MDPL") sold 20% interest in the buyer, and upon completion of the disposal, the buyer was held as to 80% and 20% respectively by the Group and MDPL. The balance of the consideration has been settled through bank borrowings from the buyer.