Core Viewpoint - The company plans to sell its entire issued share capital of Torch Media Co., Ltd. to Crestwell International Limited for HKD 8 million, as part of its ongoing business optimization efforts [1] Group 1: Sale Details - The sale is scheduled for December 24, 2025, and involves the transfer of certain prepayments held by the target group to the company's subsidiary, Shenqian Technology [1] - Torch Media Co., Ltd. primarily engages in media content production and distribution [1] Group 2: Strategic Rationale - The board believes that the target company has limited strategic development prospects within the group due to two consecutive years of net losses and the need for ongoing financial resources to maintain operations [1] - The sale allows the company to optimize asset allocation and focus on areas with greater growth potential [1] Group 3: Financial Flexibility - By divesting the loss-making business, the company can reallocate internal resources to support the development of its event hosting and functional materials trading segments, thereby enhancing overall financial flexibility [1]

Group 1 - The company has entered into a sale agreement with Crestwell International Limited to sell its entire issued share capital in Torch Media Co., Ltd. for HKD 8 million [1] - Following the completion of the sale, the company will no longer hold any interest in the target company, and the financial performance of the target will not be consolidated into the group's financial statements [1] - Torch Media Co., Ltd. is a limited company registered in the British Virgin Islands, primarily engaged in media content production and distribution [1] Group 2 - The sale is part of the company's ongoing business optimization efforts, aimed at enhancing asset allocation and focusing on areas with greater growth potential [2] - The board has determined that the target company has recorded net losses for two consecutive years, limiting its strategic development prospects within the group [2] - The divestment allows the company to reallocate internal resources to support the development of its event hosting and functional materials trading segments, thereby improving overall financial flexibility [2]