In the evening of the same day, I contacted Zhou Aiguo (‘Zhou’) whom I have known for upwards of 10 years and knew that he held a substantial amount of shares in my Company. I told him I needed shares in my Company on an urgent basis and offered to buy 100 million shares from Zhou at the price of HK$1.35 per share.
I further told Zhou that he would have to transfer the Shares directly to D1 or his nominee as the transfer had to be effected the next day but I would pay him the purchase price by instalments. Zhou accepted my offer straightaway and agreed to attend at my Office the next day to transfer the Shares to D1 or his nominee.