Planetree International Development Limited has released a supplemental announcement regarding its acquisition of Warpdrive Technology Limited. The transaction involves the issuance of 15,000,000 Consideration Shares valued at HK$7,500,000. The Board of Planetree has evaluated the terms and deemed the consideration to be fair and reasonable, aligning with the best interests of the company and its shareholders. The long stop date for the fulfilment of the Sale and Purchase Agreement remains unchanged as 8 July 2025. Further details about the proposed sales agency agreement involving Zhejiang Warpdrive will be announced in due course.
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