DES Holdings (08437) plans to sell all of the issued share capital of DES (Hong Kong) Holdings Limited

According to Zhitong Finance App, Des Holdings (08437) issued an announcement. On December 31, 2025 (after the trading period), the company (as the seller) signed a sales agreement with the buyer, Mr. Yan Xianchang. According to this, the seller agreed to sell and the buyer agreed to buy the shares to be sold (the total issued share capital of the target company) at a cost of HK$1. After completion, the target company DES (Hong Kong) Holdings Limited will no longer be a subsidiary of the company, and the company will no longer hold any issued share capital of the target company. As a result, the target company's financial results will no longer be consolidated into the Group's consolidated financial statements.

The Board believes that the sale will not have any significant adverse impact on the Group's overall financial position and operations. The sale will enable the Group to improve its financial position by reducing liabilities and balance ratio; streamlining business operations; and reallocating existing resources to focus on developing its core business. The board of directors believes that the terms of sale are normal commercial terms, fair and reasonable, and in line with the overall interests of the company and its shareholders.