09:48 MEDTECH GROUP<01031>-Announcement & Resumption of Trading-6 Vendors; or iv) there is any force majeure event, the Acquisition shall be cancelled and the Vendors are required to return all deposit payments paid by Next Champion for the Acquisition. In other words, should the Acquisition not be able to proceed as a result of the default of the Vendors under the above-mentioned events, all deposit payments paid by Next Champion will be returned to Next Champion. It is set out in the Provisional Sale and Purchase Agreement that in the event that the Acquisition could not be completed within 90 days from the date of the Provisional Sale and Purchase Agreement (the "Latest Completion Date"), Next Champion is entitled to procure a third party to enter into a new sale and purchase agreement with the Vendors within 30 days from the Latest Completion Date and such third party will pay the aggregate deposit payments of HK$125 million to Next Champion. In this regard, the Directors are of the view that this provision under the Provisional Sale and Purchase Agreement would serve the purpose of, to certain extent, protecting Next Champion from suffering any potential loss in the event that the Acquisition cannot be completed by Next Champion, that is the forfeiture of the deposit by the Vendors. Whereas i) the Acquisition could not be completed within the Latest Completion Date; and ii) Next Champion is not able to procure a third party to enter into a new Sale and Purchase Agreement with the Vendors within 30 days from the Latest Completion Date, then the aggregate deposit payments of HK$125 million paid by Next Champion will be forfeited to the Vendors. Information on Hang Huo Hotel and Hotel Casa Real Hang Huo Hotel is a company incorporated in Macau with limited liabilities. The principal asset of Hang Huo Hotel comprises the entire interest in Hotel Casa Real. Location and facilities of Hotel Casa Real Based on the information provided by the Vendors, Hotel Casa Real, previously known as Nam Yue Hotel, is a four star hotel which commenced business in 1993 and was subsequently refurbished in 2003. The hotel is located at Avenida Do Dr Rodrigo Rodrigues, No. 1086, Rua De Malaca No. 192, Macau. Hotel Casa Real has a total site area of approximately 28,815 square feet and a total floor area of approximately 440,116 square feet, with a total of 388 guests rooms. Facilities in Hotel Casa Real include swimming pool, sauna, fitness center, retail shop and gaming casino. For food and beverages, there are a Chinese restaurant, a Western restaurant and a coffee shop. Casa Real Casino Casa Real Casino is located in Hotel Casa Real, which is operated pursuant to an agreement entered into between Hang Huo Hotel and SJM dated 15 March 2004 for a term up to the expiry of the SJM Concession on 31 March 2020. As at the date of this announcement and to the best knowledge of the Directors, the gaming facilities in Casa Real Casino include i) 53 gaming tables in the gaming hall; ii) 6 VIP rooms (3 being in operation and 3 being in the process of decoration); and iii) 123 slot machines. Pursuant to the agreement between Hang Huo Hotel and SJM, SJM is paying to Hang Huo Hotel a monthly fee (inclusive of rental, utilities fees, maintenance costs and promotional expenses etc.) of 40% of the gross monthly profit of the casino generated in respect of the gaming tables in the gaming hall.