Aoyuan, China (03883): Property sold by receiver

Zhitong Finance App News, China Aoyuan (03883) issued an announcement regarding the appointment of Huo Xiyu and Zhou Wei of Fujigao Consulting (Hong Kong) Limited as joint and individual receivers and managers. The company was notified by the receiver on September 30, 2026 that the subsidiary (with the receiver acting as agents) in Kwai Chung City Area No. 46 (this location) and the 12-story high-rise building (this property) built on this site (this property) acted with the joint and individual receivers and managers of all parts of the global ocean Indirect from a holding company limited by shares (09876) The wholly-owned subsidiary entered into an interim agreement on September 29, 2026 relating to the sale of the property at a cash cost of HK$150 million. According to publicly available information, the buyer is an independent person and has nothing to do with the company or its related parties.

As announced by Ocean Global on September 29, 2026, the transaction is expected to be completed on or before February 26, 2027, subject to the listing rules. The full net proceeds from the transaction will be used by the receiver to cancel the outstanding portion of the mortgage loan.