According to the news from Zhichun Finance APP, Top Spring International (03688) announced that on November 25, 2024, the seller, Maoxing Limited (the company's indirect wholly-owned subsidiary), and the buyer, Shengshanzhentang (an independent third party), have entered into a temporary agreement, under which the seller agrees to sell and the buyer agrees to purchase the property for a price of 0.25 billion Hong Kong dollars.

The property is a whole or entire piece of land registered as New Kowloon Inland Lot No. 812 with the Land Registry, and the residential houses, buildings, and structures built upon it, currently known as 6 Lulun Street, Kowloon, Hong Kong. The rental construction area of the property is approximately 574 square meters and is currently used as a kindergarten campus.

The announcement states that, considering the current market conditions in Hong Kong and the bleak prospects of the real estate industry in Hong Kong, the company believes that the sale will allow the group to realize the investment value accumulated in the property for some time and provide an opportunity to enhance the group's financial flexibility at this moment.