VEEKO INT'L (01173) plans to sell its Shantou property for an estimated 25.15 million yuan.

VEEKO INT'L (01173) announced that on February 12, 2026, the Seller's indirect wholly-owned subsidiary, Shantou Yungao Fashion Co., Ltd., has entered into an agreement with the Buyer, Shantou Hexingqiang Clothing Co., Ltd., whereby the Seller conditionally agrees to sell and the Buyer conditionally agrees to purchase the Property for a consideration of RMB 25.153 million. The Property refers to the 9th, 10th, and 11th floors of Weigao Building, No. 2, Keda East Road, High-tech Zone, Shantou, Guangdong Province, with a total gross floor area of 8384.34 square meters, intended for industrial use. After considering the current market conditions of the Property and the price proposed by the Buyer, the Board of Directors believes that the sale provides the Company with a good opportunity to monetize its investment. The proceeds from the sale will help improve the Company's working capital position for future opportunities that may arise. The Company intends to use the net proceeds from the sale for general working capital purposes.