WINFULL GP (00183) subsidiary intends to sell Hong Kong property.

WINFULL GP (00183) announced that on 28 September 2026, the vendor Alpha Easy Limited (a direct wholly-owned subsidiary of the Company) entered into a provisional sale and purchase agreement with the purchaser Mr. Leung Kwan and the agent, pursuant to which the vendor conditionally agreed to sell and the purchaser conditionally agreed to purchase the sale shares (being the entire issued shares of the target company Brilliant Icon Limited) and the sale debts, at a total consideration of HK$26 million. Upon execution of the provisional sale and purchase agreement, on 28 September 2026, the lender Wealthy View Limited (an indirect wholly-owned subsidiary of the Company) entered into a loan agreement with the purchaser, pursuant to which the lender agreed to grant a loan to the purchaser in the principal amount of HK$20 million at an annual interest rate of 5%, with a repayment period of 36 months from the date of drawdown. The target company is an indirect wholly-owned subsidiary of the Company and is principally engaged in property holding business. The target company is the registered and beneficial owner of the property, and the property is the sole material asset of the target company. The property is located at the rooftop of Block C, Sea View Estate, 8 Watson Road, Hong Kong, and comprises rooftop and billboard space on a 15-storey non-residential building. The rooftop area of the property is approximately 8,970 square feet. The Group has been generating revenue from the property through the authorised use of billboards erected on the property. Having considered the current market conditions and the performance of the property, the Directors are of the view that the disposal represents a good opportunity for the Group to realise its investment in the property and thereby allocate its resources more effectively.