CH FRONTIER TEC (01661) plans to sell media content production and distribution business for 8 million Hong Kong dollars.

CH FRONTIER TEC (01661) announced that on December 24, 2025, the company intends to sell all the issued shares of Torch Media Co., Ltd. to Crestwell International Limited for a price of HK$8 million. In addition, according to the sale agreement, certain advance payments currently held by the target group will be transferred to the company's subsidiary, Deep Front Tech. The target company is mainly engaged in media content production and distribution. The announcement stated that the sale is part of the group's ongoing business optimization measures. After a regular review of the group's business portfolio, the board of directors believes that due to the target company's consecutive net loss for two years and the limited prospects for further strategic development within the group to maintain the continuous financial resources needed for its operations, the sale will allow the group to optimize its asset allocation and focus on areas and businesses with greater growth potential. The sale will also allow the group to divest from loss-making business and reallocate internal resources to support the development of event hosting and functional material trading sectors, thereby enhancing the group's overall financial flexibility.