On June 28, 2024, Aerospace Hi-Tech Holding Group Limited ("the Company") announced that its wholly-owned subsidiary ("the Seller") and independent third party Stable Brand Limited ("the Buyer") had reached a sale agreement to sell all the issued shares of the target company Productive Glory Limited for approximately HKD 37.38 million. The target company is mainly engaged in investment holding, while its subsidiary, China-based Hongshengchang Technology (Xiamen) Co., Ltd., specializes in electrical components services (EMS) business. After the completion of the transaction, the target Group will no longer be included in the Company's consolidated financial statements. The sale is subject to disclosure as a notifiable transaction under the Listing Rules and is conditional upon the fulfillment of the conditions precedent...Show More

On June 28, 2024, Aerospace Hi-Tech Holding Group Limited ("the Company") announced that its wholly-owned subsidiary ("the Seller") and independent third party Stable Brand Limited ("the Buyer") had reached a sale agreement to sell all the issued shares of the target company Productive Glory Limited for approximately HKD 37.38 million. The target company is mainly engaged in investment holding, while its subsidiary, China-based Hongshengchang Technology (Xiamen) Co., Ltd., specializes in electrical components services (EMS) business. After the completion of the transaction, the target Group will no longer be included in the Company's consolidated financial statements. The sale is subject to disclosure as a notifiable transaction under the Listing Rules and is conditional upon the fulfillment of the conditions precedent set out in the agreement. The Company advises shareholders and potential investors to exercise caution when trading in shares. The sale is expected to generate approximately HKD 174,000 in proceeds for the Company's financial performance, and the net proceeds will be used to repay other borrowings generated by the EMS business and to provide general working capital for the Company's banks, financial industry, and telecom device EMS business.