CARRIANNA (00126) intends to sell approximately 76.17% equity stake in Lee Cheung Group Holdings for HKD 66.15 million.

CARRIANNA (00126) announced that on August 1, 2026, the company's directly wholly-owned subsidiary plans to sell approximately 76.17% equity in Lijun Group Holdings to the buyer Delight Rich International Limited, for a total consideration of HKD 66.15 million. The company intends to use the net proceeds from the sale, estimated at HKD 66 million, for the following purposes: (i) approximately HKD 52.8 million will be reserved for settling the group's future financing costs; and (ii) approximately HKD 13.2 million will be used as general working capital for the group. In light of the current economic uncertainties and fluctuations in the financial markets, the board of directors believes that adopting a prudent investment strategy, liquidating the investment in the group, to enhance the group's liquidity is beneficial. Considering the group's poor financial performance, the board views the sale as a good opportunity for the group to realize its investment and reallocate its financial resources for future development. Furthermore, the proceeds from the sale will serve as a reserve for the groups future financing costs. The sale is conducted in accordance with the group's overall strategic plan. The board believes that the sale will optimize the group's resource allocation and strengthen the groups cash flow.