MBV INTL (01957) has announced that on February 16, 2026 (after trading hours), the seller, a wholly-owned subsidiary of the company, entered into a share purchase agreement with the buyer, Belcher Ventures Investment Ltd. Under the agreement, the seller conditionally agreed to dispose of, and the buyer conditionally agreed to acquire, the sale shares representing 40% of the entire issued share capital of the target company, Lordan Group Ltd, for a consideration of HK$31.41 million. The target company is an investment holding entity which holds all the issued shares of a Hong Kong company. That Hong Kong company holds the total registered capital of a wholly foreign-owned enterprise. Through variable interest entity arrangements, the wholly foreign-owned enterprise exercises substantive control over the operating company group and is entitled to the economic benefits generated by the group. In recent years, the board of directors has conducted an extensive review and assessment of the group's business operations with the aim of adjusting its business strategy to more effectively adapt to the challenging operating environment. In this context, the target group recorded a significant year-on-year decline in sales performance during the period and incurred losses. After careful evaluation, and considering the time required for the target company to achieve sustainable profitability as well as the limited business synergies with other divisions of the group, the board believes that the disposal presents a favorable opportunity to reallocate resources and investments to other business segments of the group. Upon completion of the disposal, the group will no longer bear the operating losses of the target company, and an improvement in the group's overall financial performance is anticipated.