CHINA AOYUAN (03883): Receiver sells property

CHINA AOYUAN (03883) announced that, in relation to the appointment of FTI Consulting (Hong Kong) Limited's Huo Xiyu and Zhou Weicheng as joint and several receivers and managers, the Company was informed by the Receivers on 30 September 2026 that the subsidiary (acting by the Receivers as agents as joint and several receivers and managers of all and every part of Kwai Chung Town Lot No. 46 (the Lot) and the 12-storey building erected thereon (the Property), without personal liability) entered into a provisional agreement on 29 September 2026 with an indirect wholly-owned subsidiary of OCEAN ONE HLDG Limited (09876) for the sale of the Property at a cash consideration of HK$150 million. Based on publicly available information, the purchaser is an independent third party and is not connected with the Company or its connected persons. As per the announcement of Ocean One Holding dated 29 September 2026, the transaction is expected to complete on or before 26 February 2027, subject to compliance with the Listing Rules. The entire net proceeds of the transaction will be used by the Receivers to discharge the outstanding portion of the mortgage loan.