FANTASIA (01777) plans to sell the equity of Tenge and Firework for a total of 31 million yuan and transfer debt to improve financial liquidity.

Fantasia (01777) announced that on November 26, 2025, Seller A (a wholly-owned subsidiary of Cai Hua Holdings Limited) entered into a sale agreement with Buyer A (Shenzhen Tuomei Lianhua Trading Co., Ltd.), whereby Seller A will sell the equity of Tiange (Tiange Electronics Limited) to Buyer A for a total consideration of RMB 30 million. Tiange owns approximately 60.67% of the equity of the project company (Shenzhen Anbo Electronics Limited), which is a property development company holding the project. Upon completion of the sale of Tiange, the Group will no longer have any equity interest in the target group (Tiange and the project company). On the same day, Seller B (a wholly-owned subsidiary of Shenzhen Fantasia Industrial Operation Co., Ltd.) entered into a sale agreement with Buyer B (Shenzhen Lianxiang Business Management Co., Ltd.), whereby Seller B will sell the equity of Huo Huo (Shenzhen Huo Huo Chuang ShenZhen New Industries Biomedical Engineering Operation and Management Co., Ltd.) to Buyer B for a total consideration of RMB 1 million. Upon completion of the sale of Huo Huo, the Group will no longer have any equity interest in Huo Huo. Seller C (a non-wholly owned subsidiary of Shenzhen Yuehua Innovation Technology Industrial Park Co., Ltd.) entered into a debt transfer agreement with Buyer C (Shenzhen Longlian Investment Consulting Co., Ltd.), whereby Seller C conditionally agrees to transfer, and Buyer C conditionally agrees to accept, the debt transfer for a consideration of RMB 48 million. Tiange is mainly engaged in investment holding. As of the date of this announcement, Tiange is an indirect wholly-owned subsidiary of the Company. The project company is a property development company that holds the project (including the second phase of the Anbo Electronics project), located in the industrial park in Longgang District, Shenzhen, China. The project covers an area of approximately 39,816.75 square meters, with a rentable area of approximately 65,653.72 square meters, for the development of a comprehensive commercial and business complex, including standalone buildings, shops, and office rentals. Huo Huo is primarily engaged in the operation and management of industrial parks, house rentals, property rentals, and property management. Huo Huo is the sub-landlord of the property. As of the date of this announcement, Huo Huo is a wholly-owned subsidiary of the Company. The property refers to a property located at the intersection of Qingfeng Avenue and Baolong Fourth Road in Baolong Industrial Zone, Longgang District, Shenzhen, China. These sales transactions will strengthen the Group's cash flow and increase its working capital, thereby improving its financial liquidity. Upon final audit, the Group is expected to realize a net profit of approximately RMB 7.26 million. The Group intends to allocate the net proceeds from these sales transactions as general working capital.