Brilliant Circle divests PRC printing interest for RMB 142.5m

Litu Holdings Limited (HKEX:1008), a subsidiary of Brilliant Circle Holdings International, is disposing of its 31% equity interest in Changde Gold Roc Printing Co., Ltd., a company operating in the People's Republic of China (PRC). The buyer is Hunan Caixin Investment Holding Group Co. Ltd, an independent third party. The sale price is RMB 142.5 million, payable in cash. The group intends to utilize RMB 141.8 million of net proceeds for working capital and investment opportunities.