MAJOR AND CONNECTED TRANSACTION – IN RELATION TO THE SALE AND PURCHASE OF THE ENTIRE EQUITY INTEREST IN, AND THE ASSIGNMENT OF SHAREHOLDER’S LOAN TO, WINFRED INVESTMENT LIMITED Post date December 7, 2017 ← LIST OF DIRECTORS AND THEIR ROLE AND FUNCTION → VOLUNTARY JOINT ANNOUNCEMENT – (1) UPDATE ON PETITION AGAINST CNT GROUP LIMITED (STOCK CODE: 701) AND PRIME SURPLUS LIMITED; AND (2) UPDATE ON LEAVE APPLICATION TO COMMENCE DERIVATIVE ACTION AGAINST CURRENT AND FORMER EXECUTIVE DIRECTORS OF CNT GROUP LIMITED