G CHINA FIN (00431) intends to sell and Feng Limited.

G CHINA FIN (00431) announced on February 27, 2026, that the company intends to sell all issued shares of Tou Guangxiong and Feng Limited to Mr. Tou Guangxiong for a price of 1.00 Hong Kong dollar. It is reported that the selling company holds all the shares of nine subsidiary companies established in China through its various direct and indirect wholly-owned subsidiaries registered in the British Virgin Islands and Hong Kong (whose main business is investment holding). These subsidiaries established in China mainly engage in providing financial guarantees, loan financing, microloans, loan referrals, and consulting services in Beijing, China, and hold financing guarantee business licenses and loan financing business licenses in Beijing. However, due to the adverse impact of the Chinese economy and business environment on the selling group's business, its loan financing business in Beijing has been completely suspended, and the selling group has been non-operational since 2024. The Board of Directors believes that the proposed sale will help alleviate the financial burden on the selling group. Considering that the selling group has recorded losses for several years and has been in a net debt position, the Board of Directors believes that the proposed sale will release capital from the group to be used for working capital in the selling group, thereby allowing resources to be allocated more efficiently to the remaining businesses of this group, namely the tobacco and fragrance business.