On November 25, 2025 (after trading hours), the seller Ka Ho Development Limited (an indirect wholly-owned subsidiary of EASYKNIT INT'L) entered into an agreement with buyers Hui Ying-lung, Lau Chun-ming, and Fast Upgrade Limited regarding the proposed sale. According to the agreement, the seller agreed to sell approximately 47.17% of the outstanding principal amount of the 2023 convertible notes held by it to the buyers. The buyers agreed to purchase the aforementioned portion for a total consideration of HKD 25 million, representing a premium of HKD 3.125 million.

The 2023 convertible notes were issued by High Mountain to Ka Ho with an initial principal amount of HKD 209 million, carrying an annual coupon rate of 5%. These notes grant the holder the right to convert the principal amount into shares of High Mountain at any time before the fifth anniversary of issuance (i.e., February 19, 2028), based on an adjustable conversion price.

Given the current economic uncertainty, the directors believe it is prudent to realize investments in financial assets to enhance the group's liquidity position. The proceeds from the sale are intended to be used as general working capital to cover administrative expenses and repay bank loan principal and interest payments.