PRECIOUS DRAGON (01861) subsidiary proposes to acquire Hong Kong office property for HK$40.38 million.

PRECIOUS DRAGON (01861) announced that on January 22, 2026, the buyer Eurasia Property Holdings Limited (an indirect wholly-owned subsidiary of the company) entered into a sale and purchase agreement with the seller Tianyang Investment Limited. Under this agreement, the buyer agreed to purchase and the seller agreed to sell the property for a price of HKD 40,388,800. The property refers to an office located in the China Merchants Tower in Sheung Wan, Hong Kong. The address is Unit 2, 19th Floor, Sun Hung Kai Centre, 168-200 Gloucester Road Central, Hong Kong, with a commercial area of approximately 2676 square feet. Considering the relatively low prices in the surrounding real estate market, and the acquisition of this property will provide additional operating space for the company without incurring future rental expenses, the board of directors believes that this acquisition provides a good investment opportunity for the group. Furthermore, as the property is intended for office use, the board of directors believes that the acquisition will meet the increasing need for office space due to the expansion and development of the company's business. The board of directors believes that the acquisition of the property will not have a significant adverse impact on the operations and cash flow of the group.