Hon Kwok Land Investment Company, Limited (Stock Code: 00160) and Chinney Investments, Limited (Stock Code: 216) jointly announced the disposal of a hotel property in Osaka, Japan, for a total consideration of JPY1.54 billion (equivalent to HK$77.10 million). The property, located in Chuo-ku, Osaka, is a 10-storey boutique hotel comprising 55 rooms with a total gross floor area of approximately 1,017.05 square meters.

According to the announcement, the sale and purchase agreement was entered into on 4 March 2026. A deposit of JPY10.00 million (HK$0.50 million) was paid upon signing, with the remaining JPY1.53 billion (HK$76.60 million) due at completion. Completion is expected to take place on or before 22 May 2026.

Subject to review by the respective auditors, Hon Kwok Land Investment Company, Limited estimates a loss of around JPY127.10 million (HK$6.40 million) from the disposal, while Chinney Investments, Limited expects a loss of approximately JPY86.50 million (HK$4.30 million). The net proceeds of about JPY1.38 billion (HK$69.10 million) will be used as general working capital for Hon Kwok Land Investment Company, Limited.

One of the relevant percentage ratios under the Listing Rules exceeds 5% but falls below 25% for both companies, qualifying the disposal as a discloseable transaction. It is therefore subject to the notification and publication requirements but is exempt from shareholders’ approval under Chapter 14 of the Listing Rules.