On October 24th, 2024, SC Holdings (00413.HK) announced that the seller (an indirect wholly-owned subsidiary of the company) and the buyer (a contact person of a related party of the company) entered into a sales agreement. According to the terms and conditions of the sales agreement and within the limits specified, the seller conditionally agreed to sell and the buyer conditionally agreed to purchase all the issued shares of the target companies (Poben Consultants Limited, Pok Lake Profits Limited, and Tripstowe Management Limited) for a price of 0.185 billion Hong Kong dollars.

Since February 1993, the target companies have respectively owned the beneficial ownership of berths and corresponding bonds.

The group anticipates that due to factors such as the tense relations between China and the United States, the Russia-Ukraine war, and conflicts in the Middle East, there will still be uncertainty in the global economy for a long period. In addition, there has been a significant shift in the consumption patterns of Hong Kong residents, moving from consuming locally to nearby cities, intensifying the impact on the Hong Kong economy. Apart from these inevitable economic factors, the interest payable on shareholder loans owed to Mr. Wu or his associates constitutes a financial burden for the group, continuing to affect its profitability. Furthermore, owning berths is not a core business of the group, and holding berths is not crucial for the group's long-term development. Through the sale, the group can deploy and allocate its resources (including time and manpower) to its core businesses with strong profitability. Therefore, for the benefit of the group, Mr. Wu, as a shareholder of the company, has conditionally agreed to alleviate the burden on the group arising from the shareholder loans owed to Mr. Wu or his associates through the acquisition and sale of shares.