Schedule of fair value of assets acquired and liabilities assumed


Net liabilities acquired (including cash of $1 and other loan of $332)	$	(337)
Amortizable intangible assets
Backlog contract		372
Proprietary technology		26,179
Goodwill		36,504
Deferred tax liabilities		(6,638)
Total	$	56,080

Total purchase price comprised of:
– cash consideration (paid in fiscal 2015 in the form of refundable deposit)	$	52,000
– share-based consideration		4,080
Total	$	56,080

Schedule of fair value of assets acquired and liabilities assumed


Net liabilities acquired (including cash of $1 and accrued liabilities of $68)	$	(67)
Amortizable intangible assets
Technologies		19,682
Goodwill		20,230
Deferred tax liabilities		(4,920)
Total	$	34,925

Total purchase price comprised of:
– cash consideration (paid in fiscal 2016 in the form of refundable deposit)	$	32,600
– share-based consideration		2,325
Total	$	34,925

Schedule of fair value of assets acquired and liabilities assumed


Net assets acquired (including cash of $943, loans receivable of $670, interest receivables of $6, property, plant and equipment of $508 and income tax payable of $14)	$	2,113
Goodwill		248
Deferred tax liabilities		(7)
Total	$	2,354

Total purchase price comprised of:
— share-based consideration	$	2,354
Total	$	2,354

Schedule of fair value of assets acquired and liabilities assumed


Net assets acquired
Property, plant and equipment*	$	52,994
Allowance on guarantee		(817)
Other assets acquired (including cash of $1,957, other assets of $50, other payables of $170 and income tax payable of $4)		1,833
Deferred tax assets		116
Deferred tax liabilities		(5,998)
Total	$	48,128

Total purchase price comprised of:
— share-based consideration	$	4,784
— 49% interest in Boca		23,699
— 49% interest in CSL		16,170
— promissory note		3,475
Total	$	48,128

*

Property, plant and equipment acquired included leasehold land and buildings with a value of $53.00 million at the date of acquisition which are pledged against the banking facilities of HK$215.32 million ($27.61 million) of a company beneficially owned by Luk Lai Ching Kimmy (see (c) above). The property pledge (allowance on guarantee) was valued on the basis of estimation of the probability that the borrower would be unable to either repay the loan or fulfil the loan contract terms (the default risk) and the amount that would be recovered at events of default (the recovery rate).

Schedule of fair value of assets acquired and liabilities assumed


Net assets acquired (including cash of $1,122, loan receivables of $7,495, interest receivables of $151, property, plant and equipment of $1,095, other receivables of $20, accounts payable of $30, other payables of $607 and income tax payable of $81)	$	9,165
Goodwill		3,658
Deferred tax liabilities		(124)
Total	$	12,699

Total purchase price comprised of:
– cash consideration ($6,410 paid in fiscal 2018 in the form of refundable deposit)	$	7,457
– share-based consideration		5,242
Total	$	12,699

Schedule of fair value of assets acquired and liabilities assumed


Net assets acquired (including cash of $981, other receivables and prepayments of $707, property, plant and equipment of $7, accrued liabilities of $29, other payables-related party of $662 and income tax payable of $387)	$	617

Intangible assets (including trademarks of $1,550 and backlog contracts of $2,786)		4,336
Goodwill		60,103
Deferred tax liabilities		(715)
Total	$	64,341

Total purchase price comprised of:
– cash consideration (paid in fiscal 2019 in the form of deposit)	$	21,795
– consideration in the form of a promissory note (note)		28,473
– share-based consideration		14,073
Total	$	64,341

Note:

The promissory note was issued to Mr. Or on January 31, 2020. The face value (principal) amount of $28.47 million is repayable by January 31, 2025, and bearing fixed interest at a rate of eight percent (8%) per annum. The Company has repaid the promissory note by several payments during 2020 and 2021, and it was fully settled by March 30, 2021.

Schedule of fair value of assets acquired and liabilities assumed


Net assets acquired (including cash of $28, account payable of $1, other payables of $7)	$	20
Intangible assets - non-competition agreement		39
Goodwill		539
Deferred tax liabilities		(10)
Total	$	588

Total purchase price comprised of:
– share-based consideration	$	588
Total	$	588