Acquistion of 20% share capital of Certain Affinity

Acquistion of 20% share capital of Certain Affinity

The Board is pleased to announce that on 15 October 2017, the Company and Certain Affinity have entered into: (i) the Sale and Purchase Agreement pursuant to which the Company has agreed to purchase, and Certain Affinity has agreed to sell, the Sale Shares at the total consideration of US$10 million; and (ii) the Game Development Agreement pursuant to which Certain Affinity shall, under the direction of, and with input and cooperation from, the Company, develop and produce for the Company the Game based on certain intellectual property (namely, the TRANSFORMERS Property).

Details please see announcement from here.