R&F Properties (02777) announced that on May 26, 2026, the company, its wholly-owned subsidiary as the seller, the buyer, and Sun Hung Kai Properties (China) entered into an agreement. The seller agreed to dispose of, and the buyer agreed to acquire, the sale equity, representing a 33.34% equity interest in the target company, Guangzhou Fujing Real Estate, for a consideration of RMB 160 million, which is subject to adjustments. The target company is primarily engaged in holding, operating, and managing the target property. Upon completion of the transaction, the group will no longer hold any interest in the target company. The core asset of the target company is the Tianhui Plaza (IGC Mall), the Guangzhou Conrad Hotel, and related underground parking spaces located in Tianhe District, Guangzhou, collectively referred to as the target property, which the target company holds, operates, and manages. The target property is part of a large-scale mixed-use development situated in the central business district of Guangzhou's Zhujiang New Town, adjacent to the Liede Station on Metro Line 5, with a total gross floor area of approximately 459,540 square meters. The target company is a joint venture between R&F Properties, KWG Group, and Sun Hung Kai Properties (China). Considering the group's current financial condition, the directors believe the disposal will resolve pending tax issues related to the target company and/or the target property, provide the group with a complete exit strategy, assist in optimizing the group's resource allocation, and offer financial resources for its operations.