Hao Tian International completes major asset disposal, exiting subsidiary

Hao Tian International Construction Investment Group Limited announced the completion of a major transaction involving the disposal of 85% of the issued share capital of a target company. All conditions precedent to the agreement were fulfilled on November 21, 2025, with completion taking place on November 25, 2025. Following this transaction, the company no longer holds any equity interest in the target company, which has consequently ceased to be a subsidiary of the group.

As part of the transaction, consideration notes with a principal amount of HK$850 million were transferred to the vendor, redeemed, and cancelled by the company, thereby fully discharging all associated liabilities. The remaining balance of the consideration, amounting to HK$50 million, was utilized to repay an outstanding loan owed by the group to the purchaser.

The board of Hao Tian International, as of the announcement date, comprises three executive directors, two non-executive directors, and four independent non-executive directors. Mr. Fok Chi Tak, an executive director, signed the announcement on behalf of the board.