https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0705/20220...

https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0705/2022070500359.pdf

References are made to the announcements of Alpha Professional Holdings Limited (the “Company”)
dated 3 March 2022 and 24 March 2022 (the “Announcements”) in relation to the Subscription. Unless
otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as
those defined in the Announcements.
This announcement is made in accordance with Rule 14.36 of the Listing Rules in respect of an
amendment to the terms of the Subscription.

THE AMENDMENT DEED
As disclosed in the Announcements, pursuant to the Subscription Agreement, among other things, Willis
Trading shall subscribe for 9,541,620 Bubs Shares (representing approximately 1.56% of the existing
issued share capital of BUBS Australia) if the Group’s purchase orders placed with BUBS Australia
or its subsidiaries reach the amount of not less than A$50,000,000 (equivalent to approximately
HK$270,315,000) for the period from 1 July 2021 to 30 June 2022 (the “2022 Purchase Target”).
The Board is pleased to announce that, on 5 July 2022, Willis Trading (an indirect wholly-owned
subsidiary of the Company) and BUBS Australia entered into an amendment deed (the “Amendment
Deed”) to adjust the 2022 Purchase Target downward to A$44,000,000 (equivalent to approximately
HK$237,877,000) for such period after arm’s length negotiations between Wills Trading and BUBS
Australia with reference to the recent decrease in the availability of products of BUBS Australia to the
Group.

It seems the demand from US is affecting the daigou business.