LAI SUN DEV (00488) announced that on May 28, 2026, its wholly-owned subsidiary, Action Charm Limited, intends to sell an 81.4% stake in Camper & Nicholsons International S.A. to Wave Expandary Limited for a total consideration of €40 million. Concurrently, the buyer, seller, and the target company entered into a shareholders' agreement, which stipulates, among other terms, (i) the grant of a put option to the seller, exercisable at the seller's sole discretion; and (ii) the grant of a call option to the buyer, the exercise of which is not at the discretion of the seller or LAI SUN DEV. The consideration for each of the put option and the call option is anticipated to be €9.135 million, representing approximately 18.27% of the total valuation of the target. This consideration will be effected through the transfer of sale shares amounting to 18.6% of the total issued shares, which hold a 98.27% equity interest in the target. The target is primarily engaged in providing yacht sales and charter brokerage, yacht management, charter management, new vessel construction and design management, insurance solutions, corporate services, and crew placement for international superyachts. The announcement stated that the divestment will enable the LAI SUN DEV Group to streamline its business focus and reallocate management attention. The transaction is also expected to strengthen the group's liquidity position and cash flow. The net proceeds from the sale will enhance the overall financial flexibility of the LAI SUN DEV Group and will be utilized for general working capital requirements and/or the repayment of existing debt.