Gelonghui March 25 | Huaxin Handbag International Holdings (02683.HK) announced that on March 25, 2024, the buyer (Dajin Group Co., Ltd., an indirect wholly-owned subsidiary of the company) entered into an acquisition agreement with the seller (i.e. Executive Director Ma Lanxiang and Executive Director Ma Qingwen's spouse Chen Chanjuan). According to this, the buyer has agreed to sell the property, that is, the industrial building located in Room 9, 6th Floor, Huayao Industrial Center, 30-32 Au Pui Wan Street, Shatin, New Territories, Hong Kong, at a cost of HK$4.7 million. The costs will be paid in cash in two instalments and are expected to be disbursed from within the Group's internal resources. The cost is in line with the estimated market value of the property assessed by an independent property valuer.