SILVER GRANT(00171) proposes to sell a property in Beijing with an estimated amount of 10.2 million.

The SILVER GRANT (00171) announced that on February 24, 2025 (after trading hours), the seller, Donghuan (Beijing) Property Management Co., Ltd. (an indirect wholly-owned subsidiary of the Company), entered into a sale and purchase agreement with the buyer, Liu Rui. The buyer agreed to purchase and the seller agreed to sell the property for a price of RMB 10.2 million. The property is classified as an investment property of the Group and is currently vacant. The property is currently mortgaged to an independent third party as collateral for several loans of the Group. The unaudited carrying amount of the property as at June 30, 2024 is approximately RMB 4.519 million. The residential property has a floor area of 173.49 square meters and is located on the 4th floor of the North Building of Donghuan Square Apartments, No. 19 Dongzhong Street, Dongcheng District, Beijing, China. The announcement stated that due to the current global economic turmoil and low demand in the residential property leasing market in the area where the property is located, the property (i.e. the investment property held by the Group for leasing purposes) has been vacant for the past two financial years of the Company. Therefore, the Board of Directors believes that the sale is a good opportunity for the Group to realize its investment in the property and provide additional cash flow to improve its liquidity.