Man Wah Holdings Limited (01999) disclosed that its indirect non-wholly-owned subsidiary, Remacro Technology Co., Ltd. (RMT), submitted an application on 30 October 2025 for a separate quotation on the National Equities Exchange and Quotations (NEEQ). The application was accepted on 31 October 2025.

According to the announcement, Man Wah Holdings Limited indirectly holds 82.76% equity interest in RMT. Since there is no issuance or sale of RMT shares by Man Wah Holdings Limited, this proposed spin-off does not constitute a transaction under Chapter 14 of the Listing Rules. An application has been made to The Stock Exchange of Hong Kong Limited under Practice Note 15, and approval is pending.

Man Wah Holdings Limited is principally engaged in the manufacture and trading of sofas, ancillary products, chairs, and other items. RMT specializes in designing and manufacturing multifunctional smart furniture components, including recliner mechanisms, smart iron frames, and motors. The proposed quotation is expected to help both companies enhance operational focus, market profile, brand recognition, and create separate fundraising platforms.

No final decision has been made regarding the proposed spin-off, and approvals from relevant regulatory bodies are still required. The announcement reminds shareholders and potential investors to exercise caution when dealing in securities of Man Wah Holdings Limited.