FE CONSORT INTL (00035) plans to sell a 50% stake in the Perth Ritz-Carlton Hotel in Australia for 100 million Australian dollars.

FE CONSORT INTL (00035) announced that on December 8, 2025, the company's wholly-owned subsidiaries FEC Holdings and FEC Hotel, as the sellers, entered into a sales agreement with the buyer The Generation Essentials Group (NYSE: TGE). The sellers conditionally agreed to sell and the buyer conditionally agreed to purchase the sale shares (50% of the issued shares of the operating company RC Perth Operations Pty Ltd and property company Perth FEC Pty Ltd respectively as of the completion date) and to assume the sale loan, for a total consideration of AUD 100 million (equivalent to approximately HKD 515 million). The target group includes the operating company, property company, and RC operating company. As of the date of this announcement, the operating company is a company registered in Australia and a wholly-owned subsidiary of FEC Hotel. The operating company is primarily engaged in investment holding. As of the date of this announcement, the property company is a company registered in Australia and a wholly-owned subsidiary of FEC Holdings. The property company is primarily engaged in property investment. As of the date of this announcement, the RC operating company is a company registered in Australia and a wholly-owned subsidiary of the company. The RC operating company is mainly engaged in hotel operations. It is understood that the hotel is located at 1 Barrack St, Perth WA 6000, Australia, the Ritz-Carlton Hotel in Perth. The directors believe that the transaction will realize the value of the hotel; enable the realization of income from the transaction and the recycling of capital investment; and increase the group's liquid capital while reducing the group's net asset-liability ratio. The directors believe that the transaction is in line with the group's strategy of releasing surplus profits from its hotel portfolio development and selling non-core assets.