Core Viewpoint - The company has entered into a conditional sale agreement to acquire all issued shares of 卓益, which will enhance its real estate asset portfolio at a reasonable price given the current market conditions [1][2] Group 1: Transaction Details - The sale agreement was made on October 10, 2025, between Easyknit Properties (as the seller) and the company (as the buyer) [1][2] - The acquisition price is approximately HKD 295 million, which is the net amount of outstanding payments expected to be paid to 卓益's ultimate holding company and its subsidiaries on the completion date [1] - 卓益's significant asset includes a property located at 19 Garden Street, Mong Kok, Kowloon, with a total saleable area of 13,544 square feet [1] Group 2: Asset Composition - 卓益's other assets primarily consist of listed equity securities in Hong Kong, including 42,308,000 shares of 百福控股有限公司 valued at approximately HKD 46.3 million as of March 31, 2025 [1] - The 42,308,000 shares of 百福控股有限公司 will be transferred to another wholly-owned subsidiary of Easyknit Properties before completion [1] Group 3: Strategic Implications - The acquisition aligns with the company's core business of property investment and is seen as a strategic move to strengthen its real estate asset portfolio [2] - The company maintains a cautiously optimistic outlook on the Hong Kong real estate and securities market, indicating a commitment to seek suitable investment and divestment opportunities [2] - The terms of the sale agreement were negotiated fairly, and the board believes it is in the overall interest of the company and its shareholders [2]

Core Viewpoint - Easyknit Properties, a wholly-owned subsidiary of the company, has entered into a conditional sale agreement with Gao Shan to sell all issued share capital of Zhuo Yi for a net amount of approximately HKD 295.5 million, reflecting the expected unpaid amount owed to Zhuo Yi on the completion date [1][2] Group 1: Transaction Details - The expected purchase price is approximately HKD 268.4 million, to be paid through the issuance of 2025 convertible bonds by Gao Shan to Easyknit Properties or its agents on the completion date [2] - The significant asset of Zhuo Yi is a property located at 19 Garden Square, Mong Kok, Kowloon, with a saleable area of 13,544 square feet [1] - Zhuo Yi also holds equity securities listed in Hong Kong, including 42.308 million shares of Baifuk Holdings and 268,000 shares of China Ping An Insurance, with a total fair value of approximately HKD 46.3 million as of March 31, 2025 [1] Group 2: Strategic Implications - The sale of Zhuo Yi and the associated property aligns with the company's strategy to prudently maintain cash flow rather than continuously fund cash outflows [2] - The transaction is expected to not result in any anticipated losses for the company and its shareholders [2] - The interest from the 2025 convertible bonds will provide a regular income source for the group and offset cash expenditures related to the property, which exceed rental income [2] - The transaction will also reduce the group's debt-to-equity ratio, indicating a healthier financial position [2]

Group 1 - The core transaction involves Easyknit Properties, a wholly-owned subsidiary of the company, agreeing to sell all issued share capital of 卓益 to 高山 for a net amount of approximately HKD 295.5 million, which is the expected unpaid amount due to 卓益 on the completion date [1] - The significant asset of 卓益 is a property located at 19 Garden Street, Mong Kok, Kowloon, with a total saleable area of 13,544 square feet [1] - 卓益 also holds equity securities listed in Hong Kong, including 42.308 million shares of 百福控股有限公司 and 268,000 shares of 中国平安保险(集团)股份有限公司, with a total fair value of approximately HKD 46.3 million as of March 31, 2025 [1] Group 2 - The expected purchase price is approximately HKD 268.4 million, which will be paid by 高山 through the issuance of convertible bonds to Easyknit Properties or its agents on the completion date [2] - The sale of 卓益 and the property aligns with the company's strategy to prudently maintain cash flow rather than continuously fund cash outflows related to the property [2] - The transaction is not expected to result in any losses for the company and its shareholders, and the interest from the convertible bonds will provide a regular income source for the group [2]