HK FOOD INV (00060) plans to sell Japanese properties worth 1.25 billion yen.

HK FOOD INV (00060) announced that on February 12, 2026, the seller, Chong Yu Corporation (a wholly-owned subsidiary of the Company), entered into an agreement with the buyer, Heng Feng Industry Corporation, where the seller conditionally agreed to sell and the buyer conditionally agreed to purchase certain properties, for a total consideration of 1.25 billion Japanese Yen (approximately HKD 63.09 million). Property A includes land located at 10 Shinbashi 5-chome, Minato-ku, Tokyo, and a five-story flat-roofed office building with a total floor area of approximately 200.60 square meters. Property B includes land located at 11 Shinbashi 5-chome, Minato-ku, Tokyo, and a six-story flat-roofed office building (including basement) with a total floor area of approximately 171.17 square meters. Property C includes land located at 12 Shinbashi 5-chome, Minato-ku, Tokyo, and a three-story flat-roofed residential building with a total floor area of approximately 98.03 square meters. After considering the overall economy and property market in Japan, the directors believe that the sale provides a good opportunity for the Group to realize its investment in the properties at a reasonable price. The sale will increase the Group's operating funds and enhance its cash flow. The directors believe that the sale is in the overall interests of the Company and its shareholders, and the terms are fair and reasonable.