On January 5, 2026, Ningbo Haitian Guohua Machinery Co., Ltd. (Guohua Machinery, as the target company), Guohua Enterprise Group Co., Ltd. (Guohua Enterprise, as the seller), and Ningbo Free Trade Zone Haitian Zhisheng Metal Forming Equipment Co., Ltd. (Haitian Zhisheng, as the buyer) entered into an equity transfer agreement.

Pursuant to this agreement, Guohua Enterprise has agreed to sell, and Haitian Zhisheng has agreed to purchase, the entire equity interest in Guohua Machinery for a cash consideration of approximately RMB 342 million (equivalent to approximately HK$380 million).

Upon completion of the disposal, the Group will no longer hold any equity interest in Guohua Machinery.

As of the date of this announcement, Guohua Machinery was directly and wholly owned by Guohua Enterprise, which is an indirect wholly-owned subsidiary of the Company.

Guohua Machinery was established by the Group in 2018 in Ningbo, Zhejiang Province, China, and has been utilized by the Group to conduct the business of leasing factory buildings and supporting assets in Ningbo.

The Board of Directors believes that the business operated by Guohua Machinery is not part of the Group's current core focus and does not contribute to the overall productivity of the Group's core operations.

To enable a sharper focus on the Group's principal business activities, the Group intends to divest its entire equity stake in Guohua Machinery.

This move is considered more beneficial for the Group and will effectively reduce operational risks associated with non-core business activities.