YGM TRADING (00375) has announced that on March 11, 2026, its wholly-owned subsidiaries, YGM Limited and Yampa Investments Limited, intend to sell the entire issued share capital of YGM Retail and transfer the sale loan of YGM Retail to Chanson (HK) Limited for a total consideration of HK$34.32 million. Since 1998, YGM Retail had been the exclusive franchisee for the Ashworth golf and sportswear and accessories brand in Hong Kong, Macau, Mainland China, and Taiwan, until it acquired the global intellectual property rights of the Ashworth brand for approximately HK$31.392 million in September 2019. The principal activity of YGM Retail is holding and licensing the Ashworth IP. The product wholesale, retail, and manufacturing operations of the group are managed by other subsidiaries, with YGM Marketing responsible for the business in Hong Kong and Macau. Following the completion of the disposal, the group's traditional business, including the Ashworth brand, will be concentrated in Hong Kong and Macau, covering garment manufacturing, wholesale, retail, sales, and marketing activities. According to the DML agreement, YGM Retail will grant a royalty-free, non-exclusive license to the company's wholly-owned subsidiary, YGM Marketing, to operate the Ashworth brand.