HONY MEDIA (00419): Divests Entire Equity Stake in Heartily Health Limited

Stock News
01/30

On January 30, 2026, the seller (Meerkat Health Holdings Limited, a wholly-owned subsidiary of the Company) entered into a sale and purchase agreement with the buyer, Mr. XU Chun Sheng. Pursuant to this agreement, the seller has conditionally agreed to sell, and the buyer has conditionally agreed to acquire, the entire issued share capital of the target company, Heartily Health Limited; concurrently, the seller has agreed to assign, and the buyer has agreed to assume, the shareholder's loan, for a total consideration of HK$1.

Following the completion of this transaction, the Company will have divested its entire equity interest in the target company, which will consequently cease to be a subsidiary of the Group. The financial performance, assets, and liabilities of the disposed group will no longer be consolidated into the Group's financial statements.

The completion of the sale was effected on January 30, 2026. The target company is a limited liability company incorporated in Hong Kong, China, and its principal activity is investment holding. Prior to the disposal, the target company was wholly-owned by the seller.

Together with its subsidiaries (collectively forming the disposed group), the target company was primarily engaged in the operation of an online pharmaceutical e-commerce platform, as well as businesses related to smart healthcare and medical services. The operations of the disposed group were classified as one of the Group's reportable segments, namely the "Smart Healthcare Service Platform."

This divestment enables the Group to optimize its asset allocation and sharpen its strategic focus on sectors and businesses possessing stronger growth potential. Furthermore, by eliminating a loss-making operation, the move allows the Group to reallocate internal resources more effectively. These resources will be channeled to support the development of its core existing businesses—entertainment and media, and digital operation services for the healthcare industry—thereby enhancing the Group's overall financial flexibility.

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