Core Viewpoint - Shunlong Holdings is transferring shares worth HKD 295 million and plans to acquire a Vietnamese golf equipment manufacturer to enhance competitiveness and operational efficiency [1] Group 1: Share Transfer - On November 13, Shunlong Holdings' shareholders transferred shares from Emperor Securities Hong Kong to Bank of Communications International Securities, with a market value of HKD 295 million, representing 50.68% of the shares [1] Group 2: Acquisition Details - Shunlong Holdings announced that on October 14, 2025, its indirect wholly-owned subsidiary, Shunlong Golf Products Co., Ltd., intends to acquire 100% of the registered capital of Hio Pro (Vietnam) Sporting Goods Company Limited for USD 2.5 million [1] - The target company is a wholly foreign-owned enterprise registered in Vietnam, primarily engaged in manufacturing golf equipment and related components, and operates a golf equipment manufacturing plant in Vietnam [1] Group 3: Strategic Rationale - The acquisition allows Shunlong Holdings to export golf products manufactured in Vietnam to the United States, benefiting from lower export tariffs compared to those from China, thereby alleviating tariff burdens and maintaining competitiveness in the golf business [1] - This strategic move is expected to enhance the overall operational efficiency of the group [1]

Core Viewpoint - Shunlong Holdings is transferring shares worth HKD 295 million, representing 50.68% of its stock, from Emperor Securities Hong Kong to Bank of Communications International Securities [1] Group 1: Share Transfer - On November 13, Shunlong Holdings' shareholders transferred shares valued at HKD 295 million, which accounts for 50.68% of the company's stock [1] Group 2: Acquisition Announcement - Shunlong Holdings announced plans to acquire Hio Pro (Vietnam) Sporting Goods Company Limited for USD 2.5 million, which represents the entire paid-up charter capital of VND 615.20 billion [1] - The target company is a wholly foreign-owned enterprise in Vietnam, primarily engaged in the manufacturing of golf equipment and related components [1] Group 3: Strategic Rationale - The acquisition allows Shunlong Holdings to manufacture golf products in Vietnam, where export tariffs are lower than those from China, thereby alleviating tariff burdens and enhancing competitiveness in the U.S. market [1] - This strategic move aims to improve the overall operational efficiency of the group while maintaining competitiveness in the golf business [1]