Nanjing Sample Technology (1708) Proposes Potential Very Substantial Disposal via Public Tender

Bulletin Express
10/24

Nanjing Sample Technology Company Limited (1708) released an announcement dated 24 October 2025 regarding a proposed disposal of certain self-owned industrial real estate through a public tender process. The property, located at No. 10 Maqun Avenue in Qixia District, Nanjing, has a total building area of approximately 16,955.30 square meters. Under the plan, the Company intends to set a tender base price not lower than RMB186.94 million (inclusive of value-added tax).

According to the disclosure, the unaudited net book value of the targeted real estate assets amounted to around RMB156.88 million as of 30 June 2025. If the disposal proceeds at the minimum price, the estimated gain stands at about RMB1.35 million. Taking into account land value-added tax, transaction fees, and other costs, the net proceeds are projected at around RMB119.32 million, primarily intended for repaying loans secured by these assets.

The Company has classified this proposal as a potential very substantial disposal, as the highest applicable percentage ratio under Hong Kong listing rules may exceed 75%. The transaction remains subject to shareholders’ approval at an extraordinary general meeting scheduled on 14 November 2025 in Nanjing. The final sale consideration will be determined by the outcome of the public tender, which will be carried out through qualified property rights exchanges in Jiangsu Province.

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