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]