MBV International Limited (the “Company,” stock code: 1957) announced a discloseable transaction involving the disposal of 40% equity interest in Lordan Group Ltd. (“Target Company”). The agreed consideration is HK$31.41 million, set off against an outstanding amount owed by the Company’s subsidiary, China MBV Holdings Limited (“Vendor”), to Belcher Ventures Investment Ltd. (“Purchaser”).

The Target Company, together with its subsidiaries in Hong Kong (“HK Company”), the PRC (“WFOE”), and a group of operating entities (“OPCO Group”) under contractual arrangements, is involved in providing digitalisation and e-commerce transformation services in the PRC. As of the announcement date, the Company held 40% of the Target Company’s issued share capital.

According to the valuation conducted by an independent valuer, 40% equity interest in the Target Company was assessed at RMB28.23 million (approximately HK$31.41 million) as of December 31, 2025. The disposal consideration matches this valuation and will be settled by offsetting the remaining outstanding amount from a previous share purchase.

Upon completion, the Group will cease to hold any equity interest in the Target Company. The Board highlighted a decline in the Target Group’s sales and profitability, with reduced synergies for the Group’s overall operations. By disposing of this loss-making associate, resources can be reallocated to other business areas, potentially improving overall financial performance. No material gain or loss from the disposal is expected, and relevant percentage ratios under the Listing Rules classify this transaction as discloseable, requiring this announcement.