MIKO INTL (01247) subsidiary plans to sell all the equity of Quanzhou Hongyu Technology Innovation and Industrial Development for RMB 75.7 million.

MIKO INTL (01247) announced that on December 2, 2025, the seller (the indirect wholly-owned subsidiary of the company, Red Child Group (Hong Kong) Limited) intends to sell all the equity interests of the target company (Quanzhou Hongyu Science and Technology Industrial Development Co., Ltd.) to the buyer (Fujian Quanzhou Langyaoda Investment Co., Ltd.) for a total price of RMB 75.70 million. The target company is an indirect wholly-owned subsidiary of the company. The target company was established as the property holding company of the group, and exclusively owns the said properties. These properties include an industrial park and several ancillary buildings located on an industrial land in Jinjiang City, Quanzhou City, Fujian Province, China. The properties cover an area of approximately 20,600 square meters, with a total floor area of about 42,700 square meters. As of the date of the sale agreement, some of these properties have been leased to independent third parties, while the rest is rented by the company's indirect wholly-owned subsidiary, Red Child (China), for the group's operational and office use. After the completion of the sale, the company will no longer hold any equity interests in the target company, and the financial performance as well as the assets and liabilities of the target company will no longer be consolidated into the group's financial statements.