Sino Golf Hold (00361) announced that following inquiries, the receiver has informed the company that since April 2025, the receiver has been engaged in ongoing discussions with a selected potential buyer regarding the terms of definitive transaction documents. Although no sale has been completed and no definitive transaction documents have been executed for any potential transaction, a preliminary understanding on transaction terms was reached in July 2025. The potential transaction is subject to the appointer's internal approval to release relevant charges on pledged assets, which is a prerequisite condition required by the selected potential buyer before signing definitive transaction documents. The receiver has been coordinating with all relevant parties to satisfy this prerequisite condition.