Hong Kong – Travel Expert (Asia) Enterprises Limited announced that its wholly-owned subsidiary Sun Pillar Travel Limited sold 19,000 shares of Tencent Holdings in the open market after trading hours on 26 March 2026, generating gross proceeds of approximately HK$10.97 million. The shares changed hands at an average price of about HK$577 each.

Prior to the transaction, the group held exactly 19,000 Tencent shares, representing roughly 0.0002% of the technology giant’s issued share capital; following completion, the group no longer owns any Tencent equity. The divestment results in an estimated disposal loss of HK$0.19 million, calculated against the original acquisition cost of HK$11.15 million.

Management cited ongoing macro-economic volatility and financial-market turbulence as key reasons for adopting a more conservative stance. Proceeds will be allocated to general working-capital needs, enhancing the group’s liquidity position.

Under Hong Kong Listing Rules, the sale meets the 5%–25% threshold of applicable percentage ratios, classifying it as a disclosable transaction subject to reporting and announcement requirements but exempt from shareholder approval.

Travel Expert, incorporated in the Cayman Islands and listed on the Main Board of the Stock Exchange, focuses on travel-related products and package-tour services. Sun Pillar Travel conducts the group’s treasury investments.

Tencent, also Cayman-incorporated and Hong Kong-listed, reported 2025 revenue of RMB369.28 billion, profit before tax of RMB277.25 billion, and net profit of RMB229.80 billion.