Sino Golf Hold (00361) subsidiary plans to acquire a golf equipment manufacturing plant in Vietnam for 2.5 million US dollars.

SINO GOLF HOLD (00361) announces that on October 14, 2025, the buyer (Shunlong Golf Ball Products Co., Ltd., an indirect wholly-owned subsidiary of the company) intends to acquire Hio Pro (Vietnam) Sporting Goods Company Limited (the target company) from the seller (Haiou Sports Goods Co., Ltd.) for a consideration of $2.5 million, which is the total registered capital of 615.20 billion Vietnamese Dong of the target company. The target company is a foreign-invested single-owner limited company registered in Vietnam, mainly engaged in manufacturing golf equipment and related components, operating a golf equipment manufacturing factory in Vietnam. As many of the group's customers are located in the United States, the acquisition of the target company operating a golf equipment manufacturing factory in Vietnam will allow the group to export golf products manufactured in Vietnam (with lower export tariffs compared to China) to the United States. This will help reduce the tariff burden faced by the group, maintain the competitiveness of the group's golf business, and improve the overall operational efficiency of the group.