SUPERACTIVE GP has issued an announcement concerning a matter. The matter involves assets, including properties in Hong Kong held by its subsidiaries, which were pledged to Hang Seng Bank as security for a term loan facility. The bank appointed receivers over these assets.

On May 19, 2026, the group received several demand letters from the bank's legal representatives. These letters informed SUPERACTIVE GP and its subsidiaries that the receivers had enforced their rights by selling the properties through a compulsory sale process.

According to the demand letters, proceeds from the forced sale, amounting to HK$49.7953 million and HK$75.484 million, were applied on January 30, 2026, to offset the outstanding principal and interest of the term loan owed by the respective subsidiaries. Following this offset, as of January 30, 2026, the group still owed Hang Seng Bank approximately HK$98.228 million in principal and about HK$28.341 million in accrued interest on the term loan.

The demand letters further required the group to repay all outstanding amounts immediately, with deadlines no later than three to seven business days from the date the letters were issued.

Upon completion of the compulsory sale, the group no longer holds any interest in the properties. As of January 30, 2026, based on the group's unaudited financial statements, the net asset value of these properties was approximately HK$202 million. Given the sale proceeds of about HK$132 million, the group expects to record a loss on the sale of approximately HK$70 million from the forced disposal of these assets.

The actual profit or loss impact on the group resulting from the sale of these properties will be subject to final determination following an audit by the company's auditors.