ENM HOLDINGS(00128): The company has not made any decisions yet, while the land exchange application for Xian Da Land is still in progress.

ENM HOLDINGS (00128) announced that the Board of Directors has decided to appoint a professional advisor to evaluate the financial feasibility and potential impact of various strategic options for Xian Da Land that the company can choose from. Following the announcement, the company has engaged a financial advisor to conduct the evaluation for Xian Da Land. The financial advisor is a registered institution under the Securities and Futures Ordinance, authorized to engage in regulated activities of Type 4 (advising on securities), Type 6 (advising on corporate finance), and Type 9 (asset management). The financial advisor has issued a report to the company on the financial feasibility and potential impact of the various strategic options available for the company. Based on the opinions received by the Board of Directors so far, the financial advisor has noted that considering the overall financial condition of the group, shareholders' expectations, practical execution barriers, and the nature of the remaining assets of the group, it is expected that developing Xian Da Land independently would pose challenges to achieving positive business results. The financial advisor further pointed out that even though a cooperation structure involving external funding could be discussed theoretically, there are uncertainties and execution barriers, including uncertainties about whether the company can identify development partners with the required expertise and financial strength, uncertainties about the credibility of qualified partners, uncertainties about the valuation and profit distribution of Xian Da Land, and uncertainties about whether commercially acceptable terms can be ultimately reached that would benefit the company. The financial advisor suggested that the company should also explore the possibility of selling Xian Da Land, as this option provides a shorter path to realizing shareholder value and has higher execution feasibility. The company is currently considering the recommendations provided and assessing the appropriate next steps to determine the best strategy for Xian Da Land, aiming to optimize shareholder value. As of the date of this announcement, the company has not made any decisions, and at the same time, the application for the land exchange of Xian Da Land is still ongoing.