RELIANCE GLO HL (00723) The subsidiary is sold to CSC Wealth Asset Management SPC I all rights

RELIANCE GLO HL (00723) announces that on March 31, 2026, the Company's indirect wholly-owned subsidiary, Huitong Mining, has entered into a sale agreement with the buyer, Xin Fuhua Development, to sell all the equity of the fund. The cash price is HK$31 million. It is reported that the fund is an independent investment portfolio of CSC Wealth Asset Management SPC I (an exempted segregated portfolio company established under the laws of the Cayman Islands), managed by Zhongce Fuzhi Asset Management Co., Ltd. (licensed by the Securities and Futures Commission to engage in regulated activities of type 4 (providing advice on securities) and type 9 (providing asset management)). Huitong Mining subscribed to the fund for custody reasons. Considering the recent financial needs of the group and the current unstable global political situation, the Board of Directors believes that the sale provides an excellent opportunity for the group to exit its investment in the fund.