Forward Fashion (International) Holdings Company Limited (Stock Code: 2528) disclosed that on 27 October 2025, a wholly-owned subsidiary of the group signed a sale and purchase agreement to sell an industrial property located in Macau for HK$15.0 million. The property, previously used as a supplementary warehouse, covers a gross floor area of approximately 479 square meters.

According to the announcement, the purchaser has paid HK$4.35 million as deposit, and a remaining HK$10.65 million will be paid upon execution of the public deed of sale and purchase on or before 19 December 2025 (with a possible extension to 28 February 2026 if needed). The transaction is defined as a discloseable transaction under Chapter 14 of the Listing Rules, triggered because one or more of the applicable percentage ratios exceed 5% but are below 25%.

The carrying value of the property was nil as of 30 June 2025, which implies an expected gain of around HK$15.0 million upon completion. The company plans to use the net proceeds for general working capital. Due to an oversight, the company did not make a timely disclosure. Remedial measures include appointing an independent external adviser to review the incident, providing additional Listing Rules training, enhancing internal communications, and strengthening liaison with professional advisers. The announcement was issued on 14 November 2025.