ZO Future Group sells Birmingham City FC stake for £5m

ZO Future Group entered into a share purchase agreement on November 7, 2025, to sell its approximate 51.72% interest in Birmingham City Limited (BCL) to Shelby Companies Limited (SCL). The total consideration for this disposal is approximately £5.0 million. This transaction also includes the assignment of BCL's shareholder loan of approximately £19.2 million owed to the company.

The disposal is classified as a major transaction under Chapter 14 of the Listing Rules. Following completion, ZO Future Group will no longer hold equity in BCL, ceasing its consolidation of BCL's financial results. The company anticipates a pre-tax gain of approximately HK$246.2 million from the disposal.

The proceeds from the disposal, net of professional fees, are expected to be HK$51.8 million. These funds are intended for reinvestment, including HK$30.0 million as a shareholder's loan to ZO Motors North America LLC, HK$10.0 million for purchasing new energy automobile inventories, and the remainder for general working capital.