Wei Yintang (00897) sold its Shenzhen property for 98.8 million yuan.

Zhijing Finance APP News, Weiyuantang (00897) and WANG ON GROUP (01222) jointly announced that on July 16, 2026, the seller (an indirect wholly-owned subsidiary of Weiyuantang) and the buyer Shenzhen Hongqing Industrial Development entered into a purchase agreement. The seller conditionally agreed to sell, while the buyer conditionally agreed to purchase all the issued share capital of the target company Guanzun (Shenzhen) Commercial Development. The consideration for the sale of the target company is RMB 99.8 million (equivalent to approximately HK$115 million). After the completion of the sale, Hongan Group and Weiyuantang Group will no longer hold any shares of the target company.