Litu Holdings (01008) plans to acquire Hong Kong properties

According to the Zhitong Finance App, Litu Holdings (01008) issued an announcement. On August 27, 2026, the buyer Chuangjin Real Estate Co., Ltd. (a wholly-owned subsidiary of the Company) and the seller Po Global Limited signed the agreement on the acquisition. The total cash cost was HK$1.51 million. The acquisition will be completed on or before October 5, 2026.

According to reports, the property is a retail unit located on the ground floor of a commercial building called “Admiralty Tower” in a prime location in Wan Chai, Hong Kong. The useful area of the property is approximately 275 square feet.

The acquisition represents a strategic opportunity for the Group to further expand and strengthen its investment property portfolio, in line with its strategy to strengthen its property leasing business and expand revenue sources. The property is located in the same building where the property previously acquired by the Group is located. The relevant matters were disclosed in the Company's announcement dated March 25, 2025 and the Company's circular dated May 26, 2025, and the relevant acquisition was completed in June 2025. The Board believes that the acquisition will further consolidate the Group's ownership interests in the “Admiralty Tower” and enhance the overall management flexibility and investment value of its property portfolio within the building. After completion of the acquisition, the Group intends to refurbish the property for rent, thereby generating continuous and stable rental income for the Group and enhancing the long-term value of the Group's investment property portfolio.

Furthermore, given that the cost was discounted by approximately 5.8% compared to the indicative value of the property, the Board considered that the acquisition was based on favorable commercial terms, giving the Group an opportunity to acquire a quality property at a price below its indicative value. The Board also noted that the Hong Kong property market has recently shown signs of gradual stabilization and recovery, so the acquisition provides the Group with an opportunity to seize the potential benefits of future rent growth and asset appreciation.