JU TENG INTL (03336) has completed the sale of several parcels of land and properties.

JU TENG INTL(03336) announced that the Board of Directors is pleased to announce that as of the date of this announcement, the Da Ding Return Agreement (supplemented by the Da Ding Supplement Agreement) has been completed in accordance with its terms and conditions. The Board further announced that on December 27, 2024, (a) Da Chang (Suzhou) entered into a further supplemental agreement with the local government for Da Chang I; and (b) Da Chang (Suzhou) entered into a further supplemental agreement with Hua Yong (Wujiang) for Da Chang II, to modify the provisions regarding the vacant possession rights of the respective returned land and properties under the Da Chang I Return Agreement and Da Chang II Return Agreement (supplemented by the Da Chang Supplement Agreement). As disclosed in the delayed announcement, under the Da Chang Supplement Agreement, Da Chang (Suzhou) must vacate the returned land and properties by December 31, 2024 (or any other date agreed upon in writing by both parties). Due to the need for additional time to obtain approvals and consents from all regulatory authorities for the transactions proposed under the Da Chang I Return Agreement and Da Chang II Return Agreement: (a) Da Chang (Suzhou) and the local government have agreed to extend the date by which Da Chang (Suzhou) must vacate the Da Chang I plot and properties to December 31, 2025, or any other date agreed upon in writing by both parties; and (b) Da Chang (Suzhou) and Hua Yong (Wujiang) have agreed to extend the date by which Da Chang (Suzhou) must vacate the Da Chang II plot and properties to December 31, 2025, or any other date agreed upon in writing by both parties.