YUES INTL HLDG (01529) announced on September 8, 2026, that it has entered into an agreement to sell its remaining approximately 70.87% equity interest in Kin Shing Logistics Investment Limited to Mr. Zeng Xianyong, for a total consideration of RMB 51 million.

The total consideration will be settled as follows: (i) approximately RMB 45.4449 million will be offset against an outstanding debt amount upon completion; and (ii) a net cash consideration of approximately RMB 5.5551 million, payable in two installments, due before March 31, 2027, and August 31, 2027, respectively. Following the completion of the disposal, the target company will cease to be a subsidiary of the group.

After reviewing the target's historical financial performance, business outlook, capital and management resources required for its operations, as well as the group's strategic focus, the board believes the disposal provides an opportunity for the group to realize its remaining investment in the target, reduce its exposure to the target group's future financial and operational risks, and streamline the group's business portfolio.