onlinewheelroulette| Li Feng (Group)(00387.HK) plans to sell its property on Tai Tam Water Pond Road, Hong Kong for HK$53 million

Gelonghui (Group) (00387)Onlinewheelroulette(HK) notice that on May 10, 2024, the seller Lifeng Machinery Co., Ltd., an indirect wholly-owned subsidiary of the company, entered into a sale and purchase agreement with the buyer Li Xiuliang, pursuant to which the seller conditionally agreed to sell and the buyer conditionally agreed to purchase the property at a consideration of HK $53 million. " The property "refers to the property located at Room 67, 2 / F, Block 11, Zhuanghan Pik Court, Yeung Ming Shan, 88 Tai Tam Reservoir Road, Hong Kong and parking lot entrance No. 3173 on the fourth floor of the garage.

The board of directors has reviewed the GroupOnlinewheelrouletteHong Kong property portfolio, and the directors consider that the disposal provides a favourable opportunity for the Group. Through the sale of the property, the Group will be able to realize the appreciation of the property over time. The sale will generate additional working capital for the Group, reduce the Company's liabilities and financial costs, and enable the Group to deploy more resources to its existingOnlinewheelrouletteHis business.

Subject to the approval and completion of the independent shareholders at the extraordinary general meeting, the board of directors intends to declare 0 per share to the shareholders whose names are on the company's register on the record date to be determined.OnlinewheelrouletteA special dividend of HK $1. The company will issue a separate announcement in due course.

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