Zhuang Huang Group Co., Ltd. (08501) plans to sell 60% interest in Core Group Holding Limited for HK$27 million

According to Zhitong Finance App, Zhuang Huang Group Co., Ltd. (08501) announced that on September 16, 2026, 1017 Company Limited, a wholly-owned subsidiary of the company, plans to sell 60% of Core Group Holding Limited's shares and sales loans to Aeola Investment Limited at a total cost of HK$27 million. As of the date of this announcement, the Hong Kong subsidiary is a direct wholly-owned subsidiary of the target company, mainly engaged in providing interior design and decoration solutions.

After careful consideration of the Group's and Target Group's current business operations and current market conditions, the Company believes that the sale will enable the Group (i) to streamline its corporate structure and provide greater flexibility in resource allocation; (ii) reduce the indirect costs of maintaining the Group's investments in the target group, thereby improving the Group's overall financial performance; and (iii) realise the residual value of its investment in the target group, and enable the Group to integrate and use its resources more effectively to maintain its market position in the field of interior decoration solutions for Class A office buildings. The Group will also continue to explore opportunities and expand into other market sectors as appropriate opportunities arise, including retail, education, housing and non-governmental organizations.