Finet Group (08317) announced that on 24 September 2026, its indirectly wholly-owned subsidiary Finet Finance Limited (the buyer) entered into an agreement with Xintai Investment Limited (the seller) to acquire the property for HK$5.3 million.

The property is Unit A, 11th Floor, Island Building, 439–445 Hennessy Road, Hong Kong.

The directors, including the independent non-executive directors, consider that the terms of the agreement were reached after arm's length negotiations, are on normal commercial terms, are fair and reasonable, and that the acquisition is in the overall interests of the company and its shareholders, based on the following reasons:

1. Prime strategic location and asset value: The property is located on Hennessy Road in Wan Chai, one of Hong Kong's most resilient and established commercial and residential hubs, which ensures strong downside asset protection.

2. Portfolio expansion and diversification: Acquiring a residential asset directly aligns with the group's existing strategy to diversify its long-term property investment portfolio and capture a stable capital preservation instrument.

3. Attractive valuation window and market trends: Current real estate data show a clear stabilisation trend and macro upside potential. Entering the market at this point on the pricing curve offers a rare window of opportunity for long-term equity appreciation.

4. High liquidity and stable income potential: Given strong demand for residential units in Wan Chai, the property has high lettability and is easy to rent out, offering the prospect of immediate stable and recurring rental income.

5. Fairly negotiated valuation: The consideration was determined after arm's length negotiations on normal commercial terms and is fair and reasonable because it is highly comparable to recent transaction prices of similar units in Island Building.