Maoye International Holdings Limited (848) released an announcement regarding a discloseable transaction involving Shengjing Bank (2066). According to the announcement, the company’s indirect wholly owned subsidiary, Taiyuan Maoye, accepted the Domestic Share Offer on 17 October 2025 for its 85,500,000 Domestic Shares in Shengjing Bank at RMB1.45 per share. The total consideration is approximately RMB123.98 million.

Based on audited figures as of 31 December 2024, the carrying value of these shares was approximately RMB75.96 million. The disposal is therefore expected to increase retained earnings by around RMB48.01 million. Upon completion, Maoye International will no longer hold any shares in Shengjing Bank. The transaction meets the criteria for a discloseable transaction under Chapter 14 of the Listing Rules, as one or more of the applicable percentage ratios exceed 5% but remain below 25%. The company intends to utilize proceeds from the disposal for general working capital and ongoing business development.