Gelonghui, May 28, 丨 Madison Holdings (08057.HK) announced that on May 28, 2024, the company (as the seller), the buyer, and Ding Pengyun (as the buyer's guarantor) entered into a sales agreement. According to this, the company conditionally agreed to sell and the buyer conditionally agreed to buy the shares to be sold (equivalent to selling 38% of the shares in the company Hackett Enterprises Limited). The total cost was HK$56.4 million.

After consideration of offsetting, the Group can repay part of the loan without cash outflow and reduce the Group's capital liability level. The directors (excluding independent non-executive directors, whose opinions will be expressed after considering the opinions of independent financial advisors) believe that the terms (including costs) of the sale are fair and reasonable, and that the sales matter conforms to the overall interests of the company and shareholders.