REDCO GROUP (01622) and Rigo Health entered into a debt repayment framework agreement.

REDICO GROUP (01622) announced that on January 16, 2026, Redico Real Estate Group Limited (the company, together with its subsidiaries collectively referred to as "the Group") (representing the member companies of the Group) entered into a debt settlement framework agreement with Licao Health (a subsidiary of the Group with a 75% stake). Both parties agreed under certain conditions that the Group shall sell assets to Licao Health (asset transfer) for a total consideration of RMB 159 million. The consideration for the asset transfer receivable by the Group shall be offset against an outstanding refundable security deposit of approximately RMB 68 million and the total service fees payable by the Group to Licao Health Group up to a maximum of RMB 159 million, so Licao Health Group will not pay any cash to the Group for the asset transfer.