FINGERTANGO (06860) plans to sell fund equity interests for 89 million Hong Kong dollars.

FINGERTANGO (06860) announces that on December 30, 2025, the company entered into a sale agreement with the buyer Mountain Investment Holdings Limited, under which the company agreed to sell and the buyer agreed to purchase the sales shares (i.e. 59672.888 shares of Class L shares) for a cash consideration of 89 million Hong Kong dollars. The Fund is an exempted independent investment portfolio company established in the Cayman Islands on July 20, 2016. The Fund's statutory share capital is 100,000 US dollars, divided into 1 management share with a face value of 1.00 US dollar per share and 999.99 million participation shares. This independent investment portfolio is one of the portfolios established by the Fund, with the objective of providing stable total returns to investors by lending to suitable investment targets and combining current income with capital appreciation. Given the increasing uncertainty and volatility in the global economic environment, the Board of Directors conducted a comprehensive review of the company's investment performance and risk-return profile with the Fund. Following the review, the Board believes that the sale transaction represents a prudent and optimal opportunity to reduce the portfolio risk and achieve investment returns. The sale allows the company to capitalize on the current buyer interest, locking in some gains at a premium above the original cost, rather than betting on uncertain future prospects. Additionally, the sale enables the company to reallocate funds from non-core fund investments to support core businesses, which the Board believes will enhance the overall financial performance and long-term growth prospects of the group. The sales shares were originally subscribed by the group at a cost of $127.969 per L-class share, with a total original subscription cost of approximately $7.64 million. The sale transaction price is 89 million Hong Kong dollars, resulting in cumulative returns of approximately 29.55 million Hong Kong dollars above the original investment cost of the sales shares. After the completion of the transaction, the company will no longer hold any equity interest in the Fund. The company plans to use the net proceeds of approximately 88 million Hong Kong dollars from the sale transaction for its existing mobile game business in China, including but not limited to game licensing and acquisitions, new game and existing game development, platform game promotion and distribution, as well as ongoing support and distribution of game operations. The Board is optimistic that the strategic redeployment of funds from non-core fund investments will help strengthen the group's core operations, enhance overall performance, and support long-term growth. As of the date of this announcement, the company has not entered into any binding agreements for any specific game acquisitions, nor identified any specific acquisition targets.