World Chinese-language Media (00685) plans to sell Canadian properties for 6.85 million Canadian dollars

Zhitong Financial App News, World Chinese-language Media (00685) announced that on September 2, 2026 (Canadian time), Ming Pao Holdings (Canada) Limited, an indirect wholly-owned subsidiary of the company, plans to sell the property located at 5368 Parkwood Place, Richmond, British Columbia V6V 2N1, Canada, including the land and above The two-story industrial building was constructed at a purchase price of 6.85 million Canadian dollars.

Given that the Group has terminated its media business in Canada and that the property is no longer necessary for the Group's media business in Canada, the directors believe that the sale provides the Group with a good opportunity not only to realize the value of the property, but also to reallocate the proceeds from the sale to other business and operating needs of the Group.