SAMPLE TECH (01708) announced that the company plans to sell the assets through public listing at the property exchange. Therefore, the board of directors intends to seek shareholders' prior authorization at an extraordinary general meeting to grant the directors the proposed authority to enter into and complete the proposed disposal.
The reserve price will be determined by the group, but will not be less than approximately RMB 187 million (including value-added tax).
As of the date of this announcement and prior to the proposed disposal, the group owns industrial real estate located at No. 10 Maqun Avenue, Qixia District, Nanjing City, Jiangsu Province, China, with real estate registration certificate Su (2025) Ning Qi Real Estate Right No. 0033368. The plot area is 76,760.91 square meters, with a building area of 51,932.05 square meters. The usage period is from August 18, 2003 to August 17, 2053, comprising eight properties.
The disposal assets are partial self-owned buildings of the aforementioned real estate and the land use rights within the area occupied by the relevant buildings. The group is the sole holder of the real estate rights for the disposal assets.
The disposal assets include building numbers F1, F3, F4, and F5, with a total building area of 16,955.3 square meters and corresponding allocated land area of 13,262.6 square meters. They also include the rights to access common areas and use shared facilities such as water, electricity, network, communications, fire protection, and landscaping, as well as decorations and fittings that are inseparable from their functional use.
The disposal assets are non-core assets of the group, and the proposed disposal will not affect the group's main business development. The board believes that the proposed disposal (if implemented) will enable the group to revitalize its assets and accelerate asset turnover for the company's overall strategic planning; utilize the cash inflow generated from the proposed disposal to repay loans and borrowings, which can reduce the group's interest-bearing liabilities; and supplement the group's general working capital and develop its main business.