GREEN INTL HLDG (02700): Subsidiary intends to sell two beauty salons.

GREEN INTL HLDG(02700) has announced that on March 17, 2026, the seller Shenzhen Marshal Chain Industrial Co., Ltd. (subsidiary in which the company indirectly holds 51% equity): (a) entered into the first sales agreement with the first buyer, Ms. Li Caiwen, for the sale of the first beauty salon (located in Nanshan District, Shenzhen, China) at a cash price of RMB 1.41 million (HKD 1.602 million); and (b) entered into the second sales agreement with the second buyer, Mr. Tan Huo, for the sale of the second beauty salon (located in Futian District, Shenzhen, China) at a cash price of RMB 570,000 (HKD 648,000). The first and second beauty salons have been operating at a loss for several years, mainly due to the deterioration of consumer confidence in China after the outbreak of the COVID-19 pandemic in 2020, slow domestic consumption recovery, and changes in consumption patterns following the epidemic. In 2025, the business operations of the first and second beauty salons continued to deteriorate. The seller's cash and bank balances also gradually decreased. To cut losses and avoid the need for further capital injection by the group, the seller proposed and the company agreed to close the first and second beauty salons.