ZO FUTURE GROUP (02309) is planning to sell approximately 51.72% equity of BCL to focus on new energy vehicles and related businesses.

ZO FUTURE GROUP (02309) announced that on November 7, 2025 (after trading hours), the company, BCL, and SCL entered into a share purchase agreement. Under this agreement, the company has agreed to sell and SCL has agreed to purchase approximately 51.72% of the issued share capital of BCL, as well as the rights, ownership, interests, and benefits of a shareholder loan owed by BCL to the company totaling approximately 19.2 million pounds, for a total consideration of approximately 5 million pounds. It is expected that the sale will generate approximately 2.462 billion Hong Kong dollars in pre-tax income for the company. It is reported that BCL is mainly engaged in the operations and management of BCFC. BCFC is a wholly-owned subsidiary of BCL, mainly operating a professional football club in the UK. BCWFC is a wholly-owned subsidiary of BCFC, which also operates a professional football club in the UK. The directors believe that the sale will relieve the company of obligations under the termination agreement and the requirement to provide further financial support to the BCL group. The sale also provides an opportunity for the group to monetize its investment in the BCL group and allows the group to consolidate financial resources, focusing on seizing growth opportunities in the new energy vehicle and related businesses.