Huazhang Technology Will Acquire a Logistics And Warehouse Centre in Guangdong Province at a Consideration of Approximately HK$205 Million

HONG KONG, CHINA–(Marketwired – Jun 18, 2017) – Huazhang Technology Holding Limited (“Huazhang” or the “Group”) (HKSE: 1673) is pleased to announce that, the Company will acquire the entire issued share capital of the Target Company and the shareholder’s loan, at an aggregate consideration of approximately HK$205 million, which would be satisfied in full by the Company’s issue of the Consideration Shares upon Completion.