Road King Infrastructure Limited (Stock Code: 1098) announced that on 23 January 2026, an indirect wholly-owned subsidiary, Ningbo Yonghong Property Co., Ltd., entered into an agreement with Zhejiang Xilun Commercial Operation Management Co., Ltd. for the sale of certain commercial property interests and 415 car parking spaces at RK XinTianDi Commercial Project in Ningbo, Zhejiang Province. The total consideration for the transaction is RMB100.3 million.

According to the announcement, the transfer includes land use rights, commercial units with a total gross floor area of 28,559.50 square meters (Target Asset A), units amounting to 37.19 square meters (Target Asset B), and 415 car parking spaces (Target Asset C). The consideration was determined through arm’s length negotiations, referencing a valuation of RMB98.7 million as of 8 December 2025, conducted using the income approach.

The consideration will be paid in stages, facilitating mortgage repayment of RMB62.0 million and the subsequent transfer of the registered titles. Existing lease agreements attached to the properties will be novated to the purchaser upon completion. The disposal constitutes a discloseable transaction under Chapter 14 of the Listing Rules.

As indicated in the announcement, based on unaudited figures as at 31 December 2025, the carrying value of the assets is approximately RMB176.0 million. The company expects a net loss after taxation of around RMB80.0 million, taking into account mortgage repayment, value-added tax, and expenses. Management cites liquidity considerations, loan repayment needs, and the real estate market conditions in the People’s Republic of China as factors for the transaction.