Core Viewpoint - Vietnam Manufacturing Processing Export (VMEP) has agreed to transfer land use rights for two plots to Ho Nai Industrial Park Joint Stock Company for a total consideration of 3850 billion VND (approximately 114 million HKD) due to changes in government policy regarding land use [1][2]. Group 1: Transaction Details - VMEP will transfer land use rights for Plot One and Plot Two, which are currently used for motorcycle research and testing, to Ho Nai [2]. - The total area of Plot One is 182,800 square meters, while Plot Two covers 117,200 square meters, both designated for industrial park use [1]. - The land use rights for both plots are leased from the Vietnamese government and will expire on March 25, 2042 [1]. Group 2: Rationale for Transfer - The transfer is necessary to avoid high infrastructure usage costs that could burden VMEP financially if the assets are retained [2]. - The board of directors believes the agreed compensation amount is fair and reasonable after thorough negotiations [2]. - Following the transfer, the existing research center and simulation road will be relocated to a new site in Dong Nai Province, with relocation costs expected to be manageable and covered by the compensation [2].

Core Viewpoint - The Hainan Free Trade Port is set to officially launch its full island closure policy, entering a 30-day countdown, which will implement a system of "one line open, two lines controlled, and island-wide freedom" [2][3]. Group 1: Policy Implementation - "One line open" refers to the facilitation of entry and exit between Hainan Free Trade Port and other countries and regions outside China's customs territory [5]. - "Two lines controlled" indicates that the relationship between Hainan Free Trade Port and the mainland will be managed with precision regarding the policies applied to the "one line" [6]. - "Island-wide freedom" allows for relatively free circulation of various factors within the Hainan Free Trade Port [7]. Group 2: Current Progress - Hainan Province has conducted over a hundred pressure tests to identify and address gaps, enhancing the overall system [8]. - Ten "two-line ports" across Hainan have been completed and passed national acceptance [8]. - The smart customs supervision platform in Hainan has achieved interconnectivity with multiple systems and is currently operating smoothly [8]. Group 3: Economic Impact - The closure policy is expected to accelerate the construction of an international tourism consumption center, improving infrastructure and business environment, which will attract talent and benefit the local tourism industry [9]. - The implementation of "zero tariffs and low tax rates" is anticipated to create a "siphon" effect for domestic and international consumer demand, leading to significant growth in visitor structure and consumption scale [10]. - Key sectors to focus on include Hainan's duty-free tourism, high-end manufacturing (such as biomedicine and commercial aerospace), manufacturing processing, and digital trade, with the combined policies expected to unlock long-term growth potential [11].

Group 1 - The company reported revenue of $66.68 million for the nine months ending September 30, 2025, representing a year-on-year increase of 9.03% [1] - The loss attributable to equity holders narrowed to $1.41 million, a decrease of 25.97% compared to the previous year [1]