Teamway International Group Holdings Limited (01239) provided an update referencing its announcements on 3 July 2025 and 7 August 2025 regarding litigation against its indirect wholly owned subsidiary, Sichuan Hejing Packing Materials Co., Ltd. According to a new enforcement order issued on 20 October 2025 by the People’s Court of Luojiang District, Deyang City, Sichuan Province, the land and real estate located in the Industrial Park of Jinshan Town, Luojiang District were sold by auction at a bid price of RMB8.5 million. This pledged property accounted for approximately 2% of the company’s total assets as of 30 June 2025.

The buyer of the property is Sichuan Guanxuan Packaging Products Co., Ltd. Proceeds from the transaction will be used to repay the outstanding principal of the Loan amounting to RMB5,958,811.20 plus accrued interest of RMB19,055.02, with any remaining balance designated as working capital.

The company reports that normal operations remain unaffected, as Hejing Packing can continue production at the pledged site until ownership transfer procedures are complete. Negotiations are underway for a lease arrangement at a fair market rate, alongside consideration of alternative production facilities if necessary.

Teamway International Group Holdings Limited will closely monitor developments and issue further announcements if warranted. Shareholders and potential investors are urged to exercise caution when dealing in the company’s shares.