Group 1 - Chevalier International (00025.HK) announced an asset purchase agreement with 1001343586 Ontario Inc. and 1001329259 Ontario Inc. to sell its automotive business along with related assets and properties by November 12, 2025 [1] - The assets being sold include unsold new and used cars, display vehicles, parts, tires, gasoline, semi-finished products, prepaid expenses, fixed assets, business contracts, records, licenses, domains, faxes, and business names [1] - The company's main business focuses on investment holding, while the group is involved in construction and mechanical engineering, property investment, property development and operation, healthcare investment, automotive agency, insurance, and other investments [1] Group 2 - The Canadian automotive industry has faced significant challenges in recent years, including rising interest rates and increased new car costs, which have suppressed consumer purchasing intent [2] - The automotive business recorded net losses before and after tax for the past two fiscal years, exacerbated by the global trade war [2] - The board decided to exit the automotive agency market due to increasing consolidation in the Canadian automotive retail market and initiated the sale of the business after not receiving any committed purchase offers, ultimately leading to the decision to close the business to mitigate further losses [2] - The buyer, an existing automotive agency group in Ontario, expressed interest in continuing operations at the related properties, which the board views as a strategic opportunity to reduce losses and realize the investment value of the related properties [2]

Core Viewpoint - CHEVALIER INT'L (00025.HK) announced the completion of all conditions precedent for the sale of a Canadian automotive agency business, with the settlement taking place on September 26, 2025 [1] Group 1 - The board of CHEVALIER INT'L expressed satisfaction regarding the asset purchase agreement [1] - The asset purchase agreement has met all necessary conditions for execution [1]

Group 1 - The company, CHEVALIER INT'L, has entered into an asset purchase agreement to sell properties and business assets related to the sale and leasing of Honda vehicles in Toronto, Canada [1] - The properties involved in the sale include two buildings located at 4320 and 4334-4346 Kingston Road, Toronto [1] - The board believes that this sale represents an excellent opportunity to realize the investment value in this business [1] Group 2 - The Canadian automotive industry has faced significant challenges in recent years, including rising interest rates and increased costs of new vehicles, which have dampened consumer demand [2] - By exiting this business, the company aims to streamline operations, reduce risks associated with market volatility, and reallocate resources to core businesses for higher growth potential [2] - This strategic move is expected to create synergies with the company's strategic focus [2]

Group 1 - The company CHEVALIER INT'L (00025) has entered into an asset purchase agreement to sell certain properties and business assets to a buyer, with the transaction expected to be completed by September 16, 2025 [1] - The assets being sold include unsold new cars, several unsold used cars, display vehicles, parts, tires, gasoline, semi-finished products, prepaid expenses, commercial receivables, undelivered sold vehicles, furniture, fixtures, equipment, machinery, and goodwill [1] - The board believes that this sale represents an excellent opportunity to realize the investment value in the business, especially given the significant challenges faced by the Canadian automotive industry, such as rising interest rates and increased new car costs, which have dampened consumer purchasing intent [1] Group 2 - The asset purchase agreement and sale are conducted on standard commercial terms and will not have a significant adverse impact on the company's operations and financial condition [2] - The board considers the terms of the sale, including the price, to be fair and reasonable, aligning with the overall interests of the company and its shareholders [2]

Core Viewpoint - Chevalier International (00025) has entered into an asset purchase agreement to sell certain business assets, indicating a strategic move to streamline operations and focus on core business areas amid challenges in the Canadian automotive industry [1][2] Group 1: Asset Sale Details - The seller, a wholly-owned subsidiary of the company, has agreed to sell non-property assets related to the business, including unsold new cars, used cars, display vehicles, parts, and goodwill [1] - The sale is seen as an excellent opportunity to realize the investment value in the business, especially given the recent challenges in the Canadian automotive sector, such as rising interest rates and increased new car costs [1] Group 2: Strategic Implications - The board believes that exiting this business will allow the company to streamline operations, reduce risks associated with market volatility, and reallocate resources to areas with higher growth potential [1] - The asset purchase agreement is conducted on standard commercial terms and is not expected to have a significant adverse impact on the company's operations or financial condition [2]