ZHENGYE INT'L (03363) announced on December 12, 2025, that the seller (its non-wholly owned subsidiary Zhongshan Union Hongxing Intelligent Manufacturing Co., Ltd.) has agreed to sell the property to the buyer (Zhongshan Brothers Supply Chain Co., Ltd.) for approximately RMB8.8074 million.

The property is located on the 7th and 8th floors of Building 1 in the Songwan Intelligent Valley Manufacturing Project at No. 138 Xinhao South Road, Shaxi Town, Zhongshan City, China. The land was originally used for constructing the group's papermaking wastewater treatment facility and auxiliary material warehouse. To enhance land utilization efficiency, the group responded to Zhongshan municipal government's urban renewal initiative ("Three Olds" redevelopment) and obtained approval for land redevelopment in July 2022.

Phase one of the project commenced in December 2023, involving the construction of three high-standard industrial buildings with a total gross floor area of approximately 39,913.89 square meters. As of the announcement date, Building 1 of Phase one has been completed. The property being sold (floors 7-8 of Building 1) forms part of the completed Phase one structures.

The board believes the disposal presents an opportunity to realize the property's value at a reasonable price, with proceeds to be used for project development or working capital supplementation.