Wang On agrees to sell Shenzhen industrial property unit for RMB 99.8 million

• Wang On Group set a 11 September 2026 shareholder vote on a major disposal of a Shenzhen industrial property holding.
• Deal sells 100% of Guanzun (Shenzhen) Trade Development via unit New Grade to Shenzhen Hongxin Industrial Development for RMB 99.8 million.
• Asset includes land parcel 11,026.83 sq m with a factory and two dormitories in Pingshan District; valuation RMB 99.3 million.
• RMB 3 million will be retained in escrow for two years; completion occurs when remaining proceeds reach the vendor’s Hong Kong account.
• Group expects a gain of about HK$ 46.49 million; net proceeds estimated at HK$ 100.1 million for working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wang On Group Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260820-12292391), on August 20, 2026, and is solely responsible for the information contained therein.