Sun Hing Printing (Stock Code: 1975) has entered into a construction agreement to develop new printing production facilities on land in Indonesia that it acquired in December 2024. The finalized construction price is Rp71.74 billion (approximately HK$33.31 million).

The agreement covers the design and construction of a two-storey factory building, a three-storey dormitory, and supporting facilities with a total floor area of about 16,000 sq. m. The main factory building is targeted to finish within 180 days after 1 March 2026, with a final completion deadline by 7 October 2026. Any delays not caused by force majeure will incur daily penalties.

Sun Hing Printing had previously purchased the land at Rp49.51 billion (equivalent to about HK$24.26 million at the time) for strategic expansion and cost optimization in Southeast Asia. The board views Indonesia as a critical market with a large population and growing consumer demand, presenting growth potential while diversifying the Group’s geographic footprint and supply chain.

According to the Listing Rules, because one or more applicable percentage ratios exceed 5% but remain below 25%, this construction agreement qualifies as a discloseable transaction and is subject to relevant reporting and announcement requirements.