SEAZEN (01030) intends to sell New City Jin Feng Asset Management and New City Jin Feng Securities for 25.23 million Hong Kong dollars and 62.82 million Hong Kong dollars respectively.

SEAZEN (01030) announced that on January 20, 2026, its wholly-owned subsidiary SRCIM entered into Stock Transfer Agreement A and Stock Transfer Agreement B with the buyer, Jin Feng Capital Holdings Limited. Under these agreements, SRCIM conditionally agreed to sell and the buyer conditionally agreed to purchase all issued shares of Target Company A (New City Jin Feng Asset Management Limited) and Target Company B (New City Jin Feng Securities Limited), for a consideration of HK$25.23 million and HK$62.82 million respectively. Under Stock Transfer Agreement A, SRCIM conditionally agreed to sell and the buyer conditionally agreed to purchase all shares of Target Company A. Under Stock Transfer Agreement B, SRCIM conditionally agreed to sell and the buyer conditionally agreed to purchase all shares of Target Company B. The directors believe that the sale will optimize resources and streamline the group's structure, especially considering that the target companies have no significant business operations, incurred losses for the year ended December 31, 2024, and only achieved minimal profits for the year ended December 31, 2025. The sale will allow the group to reallocate its financial resources to its core business as a property developer or other future business development.