Group 1 - The core point of the article is that YGM TRADING (00375) is undergoing a significant capital reduction process, which involves reducing its share capital from HKD 384 million to HKD 20 million [1] - On September 18, shareholders transferred shares from Standard Chartered Bank (Hong Kong) to HSBC Hong Kong, with a market value of HKD 39.8844 million, representing 20.04% of the total shares [1] - The funds generated from the capital reduction will be recorded in the company's capital reduction reserve account and can be used to offset any accumulated losses and/or distribute to shareholders as realized profits under Section 214 of the Companies Ordinance [1]

Core Viewpoint - YGM TRADING is undergoing a significant capital reduction, decreasing its share capital from HKD 384 million to HKD 20 million, which will allow the company to offset accumulated losses and potentially distribute profits to shareholders [1] Group 1: Shareholder Activity - On September 18, YGM TRADING's shares were transferred from Standard Chartered Bank (Hong Kong) to HSBC Hong Kong, with a market value of HKD 39.8844 million, representing 20.04% of the total shares [1] Group 2: Capital Reduction Details - The proposed capital reduction will result in a decrease of HKD 364 million from the company's share capital, with the remaining amount being classified as realized profits under Section 214 of the Companies Ordinance [1]

Group 1 - YGM Trading has entered into a sale agreement to sell all issued shares of YGM Retail and transfer related loans for a total consideration of HKD 34.32 million, effective September 1, 2025 [1] - Following the completion of the sale, YGM Retail and YGM Marketing will establish a distribution and manufacturing licensing agreement, granting YGM Marketing exclusive rights to market, distribute, and sell products in Hong Kong and Macau for three years [1] - The agreement allows YGM Marketing to produce products globally and use Ashworth IP for manufacturing, promotion, marketing, distribution, and sales in Hong Kong and Macau [1] Group 2 - The trademark usage fees from franchisees involve a minimum fee and additional fees based on recorded sales or purchases, with most franchisees only paying the minimum due to a weak global retail environment [2] - The board believes that selling the trademark is a timely decision to cash out on the investment in Ashworth intellectual property, especially given the slight losses recorded by YGM Retail [2] - Post-sale, the company's traditional business will focus on Hong Kong and Macau, covering garment manufacturing, wholesale, retail, sales, and marketing, with the Ashworth brand operated under a franchise agreement with YGM Marketing [2]

Group 1 - The company YGM TRADING (00375) announced a proposal for a capital reduction, decreasing its capital from HKD 384 million to HKD 20 million [1] - The capital reduction will result in a reserve that can be used to offset any accumulated losses and/or distribute to shareholders [1] - The amount generated from the capital reduction will be recorded in the company's capital reduction reserve account and considered realized profits under section 214 of the company ordinance [1]

Group 1 - YGM Trading (00375) announced a sale agreement for YGM Retail's entire issued equity and the transfer of outstanding loans for a total consideration of HKD 34.32 million, effective September 1, 2025 [1] - Upon completion of the sale, YGM Retail and YGM Marketing will enter into a distribution and manufacturing licensing agreement, granting YGM Marketing exclusive rights to market, distribute, and sell products in Hong Kong and Macau, along with non-exclusive rights to manufacture products globally [1] - The licensing agreement will also allow YGM Marketing to use Ashworth IP for manufacturing, promoting, marketing, distributing, and selling products in Hong Kong and Macau for a period of three years from the completion date [1] Group 2 - The trademark usage fees from franchisees involve a minimum fee and additional fees based on recorded sales or purchases, with all franchisees, except one in 2023, only paying the minimum fee due to a weak global retail environment [2] - Given the slight loss recorded by YGM Retail, the board believes that selling the trademark is a timely decision to cash out on its investment in Ashworth intellectual property [2] - After the sale, the group's traditional business, including the Ashworth brand, will focus on Hong Kong and Macau, covering garment manufacturing, wholesale, retail, sales, and marketing [2]

Core Viewpoint - YGM Trading (00375.HK) has entered into a sale agreement for the entire issued equity of YGM Retail and the transfer of related loans for a total consideration of HKD 34.32 million [1] Group 1: Transaction Details - The sellers, YGM Limited and Yampa Investments Limited, have agreed to sell to the buyer, 信明贸易有限公司 [1] - The transaction includes a DML agreement that grants the group a six-year free trademark usage right for operating Ashworth intellectual property and other brands in the local market [1] Group 2: Business Context - YGM Marketing, a wholly-owned subsidiary of the company, primarily engages in garment wholesale and retail [1] - The company believes that the DML agreement will provide maximum flexibility for its traditional business operations in garment manufacturing, wholesale, retail, sales, and marketing in the Hong Kong and Macau regions, especially given the ongoing weakness in the retail environment [1]

Core Viewpoint - YGM TRADING (00375) proposes a capital reduction, decreasing its capital from HKD 384 million to HKD 20 million, which will be reflected in the company's capital reduction reserve account [1] Group 1 - The company plans to reduce its capital by HKD 364 million, resulting in a new capital amount of HKD 20 million [1] - The funds generated from the capital reduction will be accounted for in the company's capital reduction reserve and considered realized profits under Section 214 of the Companies Ordinance [1] - The realized profits can be used to offset any accumulated losses and/or distribute to shareholders [1]

（於香港註冊成立之有限公司） （股份代號：00375） (1) 須予披露及關連交易 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不會就本公佈全部或任何部份內容而產生或因倚賴該等內容而引致之任何 損失承擔任何責任。 YGM 貿易有限公司 出售一間附屬公司全部股權及出售貸款 (2)完成後的持續關連交易 及 (3) 委任獨立財務顧問 出售 於二零二五年九月十一日，賣方及債務賣方與買方訂立買賣協議，有關買賣 YGM Retail 全部已 發行股權及轉讓 YGM Retail 應付出售貸款，總代價為 34,320,000 港元。 根據《上市規則《第 14 章，出售事項的一項或多項適用百分比率超過 5%但低於 25%，故出售事 項構成本公司的須予披露交易。 據董事經作出一切合理查詢後所知，截至本公佈日期，買方由陳永明先生及陳嘉信先生分別擁有 75%及 25%的權益。如下文「有關買方的資料」一節所述，根據《上市規則》第 14A 章，陳永明 先生為本公司的關連人士。因此，根據《上市規則》第 14A 章，出售事項構成本公司的關連交 易，並須遵守《上市 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示概不會就本公佈全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔 任何責任。 YGM 貿易有限公司 （於香港註冊成立之有限公司） （股份代號：00375） 建議股本削減 本公司建議實施股本削減，將本公司股本賬內之進賬由 383,909,000 港元（於本公佈日期）削減 363,909,000 港元至 20,000,000.00 港元。股本削減所產生的款項將計入本公司股本削減儲備賬，並 根據公司條例第 214 條視為已實現利潤，可用以抵銷任何累計虧損及╱或向股東作出分派。 載有股本削減詳情的通函及召開股東特別大會的通告，將在切實可行的範圍內盡快寄給股東。 股本削減 1 (i) 股東於股東特別大會上通過特別決議批准削減股本及相關事宜； (ii) 全體董事依《公司條例》就股本削減作出償付能力陳述； (iii) 根據《公司條例》於憲報及報章刊登股本削減通知； (iv) 根據《公司條例》將有關股本削減之償付能力陳述之副本送呈註冊處處長登記； (v) 以下任何一項情況：(a)於批准股本削減之特 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年8月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | YGM貿易有限公司 | | | 呈交日期: | 2025年9月4日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | 自《公司條例》(香港法例622章)於2014年3月3日生效後，本公司(於香港註冊成立的公司)不再有法定股本及股份面值。 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00375 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | ...