P.B. Group Limited (Stock code: 8331) entered into an agreement on January 30, 2026, to sell 30% equity interest in Feishang International Holdings Limited (the “Disposal Company”) to Haohai Limited for RMB11.4 million (approximately HK$12.7 million). Completion is scheduled for the third business day after the Disposal Company declares a dividend to P.B. Group Limited, which is expected to be done no later than February 4, 2026.

The Disposal Company, engaged in bentonite mining as well as the production and sales of drilling mud and pelletising clay, will remain a subsidiary of P.B. Group Limited, with the Group retaining a 70% stake post-transaction. According to the unaudited financials, the Disposal Group’s consolidated net asset value stood at approximately RMB88.2 million at September 30, 2025, decreasing to about RMB38.2 million after factoring in a planned dividend payout of RMB50.0 million.

Upon completion, P.B. Group Limited will continue including the Disposal Company in its consolidated statements. The transaction is classified as a discloseable transaction under the GEM Listing Rules, as certain applicable percentage ratios exceed 5% but remain below 25%. The net proceeds of approximately HK$12.4 million will be employed in the Group’s financial services businesses and for general working capital. The Board views the disposal as a strategic step in optimizing the shareholder base of the Disposal Group while retaining operational control.