HERALD HOLD (00114) announced on October 30, 2025, that its indirect wholly-owned subsidiary, Hing Lee Properties Limited, intends to purchase a property from Dipende Limited for HK$81.5 million. The property includes Unit B on the 18th Floor of Block 2 at The Summit, 23 Old Peak Road, Hong Kong, along with Parking Space No. 6 on LG4 Level at the same address.

Currently, the property is leased by HMPL from the seller as part of a rental reimbursement scheme for Dr. Cheung Tsang Kei. Under this arrangement, HMPL leases the property and subsequently provides it to Dr. Cheung for residential use as part of his compensation package.

Given the existing lease agreement, the group is well-acquainted with the property's actual condition and fully understands its commercial value. With recent interest rate cuts and signs of improvement in Hong Kong's residential property market, the board believes the acquisition presents an attractive investment opportunity for the group and will further diversify its investment portfolio.