Hao Tian Management (Hong Kong) Limited, an indirect wholly-owned subsidiary of Aceso Life Science Group Limited, recently experienced a forced sale of its shares in Hao Tian International Construction Investment Group Limited. The forced sale, executed by an independent third-party lender, was triggered after a default event related to a loan facility of HK$150 million. In total, 1,385,116,000 shares were sold at an average price of HK$0.37855 per share, generating gross proceeds of approximately HK$524,336,000. These proceeds will be used to repay the outstanding loan and accrued interest of approximately HK$151 million, with any remaining balance returned to Hao Tian Management. As a result of this transaction, Aceso Life Science Group's shareholding in Hao Tian International Construction Investment Group Limited has decreased from 28.16% to 10.27%.
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