Core Viewpoint - Far East Development (00035) announced that a subsidiary has entered into a term sheet regarding the potential sale of interests in the Ritz-Carlton hotel in Perth, Australia, to a wholly-owned subsidiary of Shun Cheong Group Limited [1] Group 1 - The buyer is required to pay an initial payment of AUD 20 million (approximately HKD 101.2 million) within five business days from the date of the term sheet [1] - The initial payment is refundable according to the relevant terms outlined in the term sheet [1] - The term sheet is non-binding except for certain clauses related to confidentiality, fees, regulatory laws, and the initial payment [1] Group 2 - If the proposed transaction is completed as per the terms outlined, the target company will be jointly owned by the group and the buyer [1]