Beijing Capital International (01468) plans to sell all of Trade Region Limited's issued share capital for HK$10 million

Zhitong Finance App News, Beijing Finance International (01468) announced that on September 30, 2025, the company signed an agreement with the buyer Scandinavia Agricultural A/S Limited. According to the agreement, the company conditionally agreed to sell and the buyer conditionally agreed to acquire the shares to be sold (equivalent to the total issued share capital of the target company Trade Region Limited) at a total cost of HK$10 million.

As of the date of this announcement, the target company is wholly owned by UKF (Denmark) A/S, Royal Speed Limited and British Fur Ltd. UKF (Denmark) A/S is a limited company incorporated in Denmark, mainly engaged in mink farming business in Denmark. Loyal Speed Limited and British Fur Ltd are both limited companies incorporated in the British Virgin Islands. Loyal Speed Limited specializes in providing fur brokerage and financing services in Hong Kong, while British Fur Limited mainly engages in the fur trade in the Hong Kong market.

Following the announcement of the Company's annual results for the financial year ended March 31, 2025, the directors noticed that the fur business division (fur business) under Target Group had significant losses of approximately HK$27 million during the year, a significant increase from the segment loss of approximately HK$3.6 million reported for the year ended March 31, 2024. Revenue from the fur business continued to decline, mainly due to adverse effects caused by changes in Danish policy, including the extension of the temporary ban on mink breeding and farming until 2023. As a result, the operation of the fur business was significantly affected, and the performance fell short of expectations.

In view of these challenges, the Group has implemented a strategic shift to mitigate the risks associated with this business segment by gradually shifting its focus to other profitable and mature areas. The directors are strategically prioritizing the promotion of finance-related business areas, with the goal of expanding the existing portfolio and exploring new avenues with potential for growth. Given the importance attached to environmental, social and governance (ESG) initiatives around the world, the Group is actively seeking cooperation opportunities in the financial, sustainable development and technology industries.

Therefore, the directors believe that carrying out the sale will enable the Group to allocate additional resources to enhance its financial services, while also helping to strengthen the focus of cooperation on sustainable development and technology, so as to seize emerging business opportunities. Furthermore, the directors intend to use the proceeds from the sale to support the development of the Group's financial business. After a thorough assessment of the financial performance of the target group and the terms contained in the agreement, the directors determined that the sale was carried out under normal commercial terms and in the overall best interests of the Company and shareholders.